Hdr_About.jpg

Detail Analysis

link.png

Date:

Status:

Count:

Contributor:

December 21, 2020

info.png

Verified

1

zerofriction.io

Loss Amount:

10,500,000

info.png

Recovered Amount:

-

Currency:

Dollars,BTC, ETH, XRP, ETC, USDT, ZEC.

KYC By:

Audit By:

None

None

info.png

Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

info.png

A major security breach in the British cryptocurrency exchange Exmo has caused the platform to freeze all withdrawals. EXMO reported a loss of $10.5m. Since EXMO has a separate server for each cryptocurrency, the hacking only affected six cryptocurrencies, BTC, XRP, ZEC, USDT, ETC, and ETH, and the affected assets were equivalent to 6% of the company's total assets.Cryptocurrency exchange EXMO said an estimated $4 million of the cryptocurrency stolen during a hack on Dec. 21 was through the exchange Poloniex. The U.K.-based platform has estimated that a total of 6% of its cryptocurrency has been lost to the attack with an estimated $4 million being withdrawn through Poloniex. The dollar figure of what was lost overall in the hack wasn't immediately known. The exchange said assets cannot be recovered by EXMO due to criminals withdrawing the funds through Poloniex. “$1 million in ZEC [zcash] stolen from EXMO have been withdrawn through the Poloniex crypto exchange,” an EXMO spokesperson told CoinDesk Friday. On the day of the attack, EXMO said it had contacted cryptocurrency exchange Poloniex with a request to block an associated account and informed London police about the breach. EXMO reported losses in six of the 57 cryptocurrencies it supports including ethereum classic. Each digital asset is hosted on its own server, the firm said.

info.png

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.