September 9, 2020
Eterbase has been hacked, losing jaggedly $5.3 million; from a recent announcement from the Slovakia-based digital currency exchange, Eterbases’s hot wallet was penetrated, and six digital currencies – BTC, ETH/ERC-20, XRP, TRON (TRX), Tezos (XTZ) and Algorand (ALGO) – were stolen. After the hack has happened, Eterbase publicized that they had suspended the trading and withdrawals from their platform up until September 10.
What was embezzled?
Eterbase declined to say the exact amount of money that was stolen from the exchange; they named the wallets that had been breached instead and said that,
On the other hand, according to The Block Research, $5,323,517 was stolen in total. $3,945,664 was stolen from the ETH/ERC-20 wallet, $471,559 was stolen from the XTZ wallet, $406,620 was stolen from the ALGO wallet, $339,573 was stolen from the XRP wallet, $114,954 was stolen from the BTC wallet, and $45,148 was stolen from the exchange’s TRX hot wallet.
What is Eterbase?
This breach’s story is still developing, as not much is known about Bratislava, Slovakia based exchange. It was not on anyone’s radar until the hack happened. CoinGecko stated that the exchange processes roughly $3 million a day in trading volume. Judging by the looks of their web statistics and social media followers, the business has a relatively small community.
Eterbase’s Next Step