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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 5, 2020

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Verified

1

zerofriction.io

Loss Amount:

72,500,000

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Recovered Amount:

-

Currency:

Dollars, ARRR, VRSC, KMD, BTC, ETH

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet, Lulzsec hacking group

Data Sources:

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The Italian cryptocurrency exchange Altsbit was hacked. As of now, the value of stolen Bitcoin and Ether is about $72.5M U.S. dollars mostly in BTC, ETH, ARRR, KMD and VRSC from its hot wallet. A small part of the funds are safe on cold wallets. Black-hat hacking group LulzSec appears to have claimed responsibility for the theft on its Twitter feed, saying: "We assure that @altsbit didn't had (sic) proper security to stop Lulz Canon. Many others to follow. Better Stack up the Security - Note to other Exchanges."

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.