Crypto Exchange Coinspot Reportedly Suffers $2m In Hot Wallet Hack

CS Web Team
By CS Web Team 1 Min Read

ZachXBT reports that a hot wallet attack cost CoinSpot more than $2.4 million in Ether (ETH).

On November 9, the Australian cryptocurrency exchange CoinSpot was allegedly breached, leading to the theft of about $2 million worth of Ether (ETH) from one of the wallets that held the cryptocurrency.

Reporter and blockchain security specialist ZachXBT claims that 1,262 ETH, or roughly $2.4 million, was stolen from CoinSpot through hacking.

It appears that another transaction of 20.99 ETH from a different CoinSpot hot wallet was sent to the hacker address.

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CoinSpot Hacker – Etherscan

According to Etherscan data, the hacker used the WBTC bridge and the ThorSwap Router to connect stolen ETH to Bitcoin. The exchange hasn’t released any information on the attack, though.

In order to provide a cryptocurrency trading platform to its user base of over 2.5 million Australians, Coinspot was founded in 2013.

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