Tether froze $1.4 million of the $2.7 million stolen from Remitano


Experts have discovered a suspicious withdrawal of assets worth $2.7 million from the hot wallets of the Bitcoin exchange Remitano. The platform reported a hack.

According to Cyvers specialists, unauthorized transactions affected cryptocurrencies on three blockchains – Ethereum, Tron and Bitcoin Cash. Experts said they have contacted the platform team to “stop any additional losses and initiate efforts to recover potentially stolen funds.”

Remitano confirmed the compromise of the wallets and announced the withdrawal of a “small amount” to suspicious addresses.

According to the report, the exchange created a team to investigate the incident and began collaborating with partners, including Cyvers Alerts and Tether, to monitor and block assets stolen by hackers.

The platform also transferred user funds to cold wallets and stopped deposits and withdrawals for 48 hours for maintenance. The restrictions did not affect the Bitcoin, Bitcoin Cash and Litecoin networks.

“At this time, Remitano ensures that users’ assets have NOT been and will NOT be affected by this incident. We work tirelessly to fulfill our commitment to keeping your crypto assets safe and secure,” the statement said.

According to Etherscan, Tether has already blocked the address of the attackers to prevent further movement of $1.4 million in the USDT stablecoin.

Remitano is registered in Seychelles and operates as a P2P exchange, allowing users to buy cryptocurrencies from each other. Merchants also use the platform as a payment gateway.

Over the past 24 hours, spot trading volume on the site was about $3.58 million, according to CoinMarketCap.

Let us remind you that in September the betting platform Stake (losses of ~$41 million) and the CoinEx exchange (losses of ~$55.5 million) were subject to hacker attacks.

The FBI accused the North Korean group Lazarus Group of hacking the first one. According to experts, she is also behind the second incident.

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