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European Crypto Exchange Falls Victim to $1.6M Hack

Slovakia's Eterbase said early on Tuesday that hackers had managed to steal a total of $1.6 million in various cryptocurrencies.

Sep 8, 2020 at 2:09 p.m. UTC
Updated Sep 14, 2021 at 9:53 a.m. UTC

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.

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