Another cryptocurrency exchange was hacked and stopped withdrawals and deposits for its customers after years of operation. The unfortunate episode is yet another one that affects investors who did not have their coins in secure wallets. The new attack comes after a string of problems with centralized platforms that trade cryptocurrencies for investors. In addition, coins that were not very secure are also proving problematic, as is the case with the ongoing cyber attack against the Solana ecosystem. In such a scenario, it is recommended that investors keep an eye on their funds, which must be in secure wallets and preferably without an internet connection.
Cryptocurrency Broker Hacked, Locks Withdrawals, Says “Thanks for Understanding”
Founded in 2013 and billing itself as one of the largest cryptocurrency exchanges ever launched from China, ZB (formerly CHBTC) ceased operating in its home country in 2017 when pressure from the local government led to the company having to leave to the world. With offices in Dubai, Malaysia, Singapore, Australia, Russia, South Korea, Hong Kong, Switzerland and the United States, however, the exchange drew attention to a possible problem last Tuesday (2). In their social networks, the team stated that problems in applications led to the operation having to be stopped, whether for withdrawals or deposits. Customers are warned not to send any coins to platform addresses, indicating that they may have been compromised.
“Due to the sudden crash of some core apps, we are responding to these issues. To keep your assets safe, we have temporarily suspended Deposit and Withdrawal services while we resolve the issue. We will provide an update once completed.”
ZB users,
Due to the sudden failure of some core applications, we’re currently responding to these issues.
To keep your secured assets, we have temporarily suspended Deposit and Withdrawal services while we resolve the issue.
We will provide an update once completed.
Thank you — ZBExchange (@ZBexchange) August 2, 2022
The community then believes that this is another platform targeted by cyber problems, after serious failures in operations in this market in recent days. On its website, ZB also thanked customers for understanding the withdrawal lock, although the case doesn’t have many public responses yet.
Hacker Ethereum Addresses Already Discovered and Flagged
With the ZB hacking attack, the Ethereum community has already discovered two addresses that contain several million dollars that the person responsible for the incursion managed to steal. One of the addresses, “ZBExchange Hacker 1” has more than $1 million of tokens in its possession, most of which are in Dawn and Bitfinex LEO. The other address, flagged as “ZBExchange Hacker 2” holds the most value, with 2,224 Ethers at this one, valued at $3.6 million. In other words, in all, the hacker took almost R$ 25 million from the ZB brokerage, which is now monitored by the world community. After the issue was detected, cryptocurrency from exchange ZB Token lost market value, with investors following the case closely.
ZB Token, cryptocurrency from hacked exchange devalues. Source: CoinMarketCap. The broker promised to give more details about the case soon.
