
European cryptocurrency exchange platform Eterbase has announced that it has suffered a security breach which saw malicious hackers access its network and steal funds worth US $5.4 million.
In a message posted on Telegram, the Slovakian cryptocurrency exchange listed the six hot wallets plundered by cybercriminals for their Ether, Tezos, Bitcoin, ALGO, Ripple, and TRON riches.
The majority of the cryptocurrency funds stolen from the hot wallets were in the form of Ether, making up almost $3.9 million of the almost $5.4 million stolen.
Eterbase put its exchange into “maintenance mode” following the security breach, and reported the attack to law enforcement. The cryptocurrency exchange says that it is co-operating with investigators, and “wants to assure our clients that we are taking all necessary steps to ensure that the amount of their deposit does not suffer any damage as a result of a hacker attack.”
In a tweet, Eterbase said that it had tracked the movement of stolen funds as they were transferred into rival exchanges including Binance, HitBTC, and Huobi, and requested their co-operation in freezing funds to thwart any attempts by the criminals to cash out their loot.
A hot wallet is a cryptocurrency wallet that is connected to the internet. A user entrusts responsibility of managing the private and public keys of their cryptocurrency hot wallet to an online platform, rather than looking after it themselves.
This means that hot wallets are relatively easy to set up and convenient to access – but, of course, that ease of access also means that there is an increased risk that online criminals will also be able to hack into the platform and steal a wallet’s contents.
The majority of known cryptocurrency hacks have involved stealing funds from hot wallets.
Cold wallets, meanwhile, are not connected to the internet. They may come in the form of a hardware device which is only plugged in when a transaction needs to take place. It’s more of a pfaff accessing your cryptocurrency fortune when you want to withdraw funds, trade, or make a payment, but it’s inherently more secure.
My advice? If you have a not-insignificant amount of cryptocurrency you would be much wiser to keep it offline in a cold wallet than risk leaving it online in a hot wallet which might one day be breached by hackers.
Editor’s Note: The opinions expressed in this guest author article are solely those of the contributor, and do not necessarily reflect those of Tripwire, Inc.
tadalafil india brand
cialis for sale india
price cialis
can i buy viagra without prescription
cialis soft tabs original
how to get modafinil in canada
aurogra 100 mg
lasix 500 buy
prednisone no rx
cialis generic 20mg
cialis 10mg canada
ivermectin cream 1
where to get viagra online
canadian prices for sildenafil
celebrex 100 mg capsule
canadian pharmacy no rx needed
sildenafil no prescription
cheap tadalafil 20mg
disulfiram tablets
cialis 100mg online
dapoxetine medicine price
buying viagra in canada safely
how to buy sildenafil without a prescription
ivermectin in india
cialis brand coupon
best tadalafil
ivermectin 18mg
where do i get viagra
buying viagra on line
australia cialis
cialis pill 5mg
buy generic viagra online without prescription
viagra otc mexico
generic paroxetine cost
stromectol online canada
india pharmacy metformin online
cialis 40 mg online
how much cialis cost
buy viagra without presc
tadalafil tablets online india
sildenafil medicine
purchase viagra online australia
eu pharmacy viagra
sildenafil 20 mg price in india
can you order viagra for woman
female viagra paypal
daily cialis prescription
price of ivermectin
prices for cialis
brand name cialis canada
100 mg sildenafil cost
can i buy lisinopril over the counter in mexico
best price for piroxicam
ivermectin 3 mg
generic ivermectin cream
viagra soft generic
dapoxetine purchase
no prescription flagyl
medicine prazosin tablets
diflucan 150 mg canada
medication lisinopril 5 mg
female viagra pills uk
cialis online
cialis uk over the counter
how to get cialis prescription online
how to get viagra in india
buy cheap cialis uk
ivermectin 400 mg brands
buying tadalafil from india
ivermectin canada
sildenafil female
price generic cialis
viagra tablet online
cialis best price uk
blue chew cialis
how much is a cialis pill
buy ciprofloxacin
generic viagra
viagra for sale
can you buy cialis over the counter canada
viagra south africa price
viagra 40 mg
elimite over the counter
prescription tretinoin gel
canadian pharmacies comparison
buy retin a from canada
buy cialis online cheap
buy molnupiravir
azithromycin buy india
budecort 400
ativan 2.5 mg pills
cialis 4 mg
cheap cialis generic canada
cialis tablet
tramadol online visa
where can i buy ambien online
propecia online uk
clomid pills buy online
propecia script
buy generic clomid online
purchase remeron without prescription