European Crypto Exchange Falls Victim to $1.6M Hack

A small exchange in Slovakia has disclosed that hackers managed to break into its hot wallets and make off with approximately $1.6 million in various cryptocurrencies.

• Eterbase announced on its Telegram channel Tuesday that hot wallets for six of its listed cryptocurrencies had been compromised.
• On Monday night, hackers stole bitcoin, ether, XRP, tezos, algorand and TRON, transferring the funds into public wallets that have since been emptied.
• At current prices, the amount stolen is worth just under $1.6 million.
• Eterbase shared the wallet addresses on the firm's Telegram channel, but has withheld further details until its own investigation into the attack is complete.
• Based in Bratislava, Slovakia, Eterbase lists euro trading pairs against a series of conventional and DeFI-related digital assets.
• It's been averaging around $3 million in daily trading volume, according to CoinGecko.
• The exchange has contacted the authorities and has suspended trading and European Union bank withdrawals until Sept. 10.
• CoinDesk asked Eterbase whether it would reimburse users funds affected in the hack, but received no immediate response.

See also: Crypto Firm Hacked for $1.4M Admits It Will Struggle to Reimburse Users