Detail Analysis
Date:
Status:
Count:
Contributor:
May 2, 2019
Verified
1
zerofriction.io
Loss Amount:
2,122,000
Recovered Amount:
-
Currency:
Dollars, XRP
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
XRP
Exchange
Assets
Contract Vulnerabilities
Extended Method:
fake deposits
Data Sources:
BitoPro is developed by BitoEX team, who started BitoEX in 2014 which provides cryptocurrency solutions such as digital wallet, business application, financial auditing and more. Taiwan exchange BitoPro's XRP suffered an attack that caused a price crash and is thought to have lost about 7m XRPS. The said vulnerability allows a user to fake an XRP deposit transaction and then dump the sent “XRP” tokens on the exchange. In this case, the crooked user faked a deposit of 330,000 XRP, but the actual XRP delivered were just 0.003255 XRP. In effect, BitoPro ended up losing 7 million XRP. Bitrue took the step to expose the flaw and let other exchanges and users know about it to save them from further loses.
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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.