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ID:

altsbit-543

Date:

Status:

Incident Count:

February 5, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

72,500,000

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Recovered:

-

Rewards:

Currency:

USD, ARRR, VRSC, KMD, BTC, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Key Management

Extended Method:

Private key leak, hot wallet, Lulzsec hacking group

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Days in Operation:

0

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The Italian cryptocurrency exchange Altsbit was hacked. As of now, the value of stolen Bitcoin and Ether is about $72.5M U.S. USD mostly in BTC, ETH, ARRR, KMD and VRSC from its hot wallet. A small part of the funds are safe on cold wallets. Black-hat hacking group LulzSec appears to have claimed responsibility for the theft on its Twitter feed, saying: "We assure that @altsbit didn't had (sic) proper security to stop Lulz Canon. Many others to follow. Better Stack up the Security - Note to other Exchanges."

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