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Exmo Crypto Exchange Underwent Second Attack In Two Months

16 February 2021 16:30, UTC
Exmo Crypto Exchange Underwent Second Attack In Two Months
By Anna Martynova

London-based crypto exchange Exmo on Monday underwent a DDoS attack, as a result of which the platform's servers became unavailable. The attack came two months after the crypto exchange reported that hackers had stolen $10.5 mln in Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Tether (USDT), and Zcash (ZEC). Later, executives suggested that some of the funds could not be returned because the attackers withdrew $1 mln in XRP and $2.8 mln in ZEC through Poloniex.

Total trading volume on Exmo has dropped 4.9% in the last 24 hours, according to data from CoinMarketCap. As a result of the incident in December 2020, the exchange lost about 5% of its total assets, although only Exmo hot wallets were reportedly affected.

Maria STANKEVICH, chief business development officer of Exmo, said that since the hack in December 2020, the exchange has implemented a number of measures to reduce the likelihood of an attack in the future. She stated that Exmo has outsourced cryptocurrency withdrawal functions to the custodian division of hardware wallet maker Ledger and has created a reward program to find bugs.

Image: Rating-Market



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