Bitcoin
$37,721.51+1.38%
Ethereum
$2,041.84+0.80%
Binance Coin
$228.19+0.47%
XRP
$0.60972532+1.16%
Solana
$57.87+5.52%
Cardano
$0.38512226+2.21%
Dogecoin
$0.08061362+1.82%
Tron
$0.10313360+0.99%
Toncoin
$2.45+0.03%
Chainlink
$14.48+2.18%
Avalanche
$20.52+1.16%
Polygon
$0.74404509+0.27%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

The incident saw losses of bitcoin, XRP, zcash, tether, ether and ethereum classic, according to early analysis.

By Tanzeel Akhtar
AccessTimeIconDec 21, 2020 at 2:14 p.m. UTC
Updated Feb 10, 2023 at 2:48 p.m. UTC
CoinDesk placeholder image

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

U.K.-based cryptocurrency exchange EXMO disclosed Monday its hot wallets have been compromised and all withdrawal activity has been suspended.

  • In a blog post on Monday, EXMO said it had detected "large withdrawals" on Dec. 21 at 02;27 UTC, and reacted "immediately and re-deployed hot wallets."
  • Five percent of the total assets held by the exchange are said to have been stolen. Cold, or offline, wallets were unaffected, it said.
  • EXMO said it is investigating the incident that saw losses of bitcoin, XRP, zcash, tether, ether and ethereum classic, according to early analysis
  • The exchange asked users to not deposit funds in existing EXMO wallets for the time being.
  • EXMO stressed that those users affected by the incident will be covered by the exchange.
  • London police have been informed of the breach, while EXMO will "conduct a thorough security review that will include all parts of our systems and data," per the post.

See also: Over $280M Drained in KuCoin Crypto Exchange Hack

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Tanzeel Akhtar
Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
ExchangesHacksEXMO