Bitrue issued a formal statement on Twitter regarding a minor security breach on April 14, 2023, at 07:18 (UTC) in one of their hot wallets. The company has assured its users that swift action was taken to contain the situation and prevent further unauthorized access to funds. Bitrue is treating the matter with utmost seriousness and is conducting a thorough investigation into the incident.
Based on social media posts, the assailants extracted approximately 23 million USD in digital currencies, including ETH, QNT, GALA, SHIB, HOT, and MATIC.
Additionally, the assault targeted a hot wallet that held a mere fraction – less than 5% – of Bitrue’s total funds. Nevertheless, the exchange has reassured its users that the remainder of their wallets remain impervious and have not been breached.
To bolster security, the crypto exchange has temporarily halted all withdrawals. This measure will remain in effect until April 18, 2023, when normal operations will resume. Bitrue kindly requests the understanding and patience of its valued users during this period.
Furthermore, Bitrue has taken the responsibility to ensure its Twitter followers that every user affected by this unfortunate incident will receive complete compensation.
In their ultimate social media update on the issue, Bitrue underscored their unwavering dedication to upholding transparency throughout the ordeal. The exchange conveyed its appreciation for the unwavering support of its users and disseminated a blog post reiterating the latest developments on the matter.
According to PeckShieldAlert, the recent Bitrue hack resulted in the withdrawal and subsequent sale of SHIB, GALA, QNT, and MATIC coins for approximately 8,540 ETH. This large-scale sell-off reportedly caused a significant 11% drop in the price of QNT within a mere three-hour timeframe.
