Detail Analysis
Date:
Status:
Incident Count:
February 5, 2020
Verified
1
Contributor:
zerofriction.io
KYC By:
KYC:
None
Audit By:
Audits:
None
Loss Amount:
72,500,000
Recovered Amount:
-
Currency:
Dollars, ARRR, VRSC, KMD, BTC, ETH
Key Indicators
Platform:
Type:
Category:
Method:
Data Sources:
Exchange
Assets
Poor Key Management
Extended Method:
Private key leak, hot wallet, Lulzsec hacking group
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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