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HomeSecurityRemitano exchange hacked for $2.7M; $1.4M frozen by Tether

Remitano exchange hacked for $2.7M; $1.4M frozen by Tether

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TL;DR:

  • Remitano crypto exchange suffered a hack on September 14, resulting in a loss of $2.7 million.
  • The attacker targeted Tether, USD Coin, and Ankr tokens, with a notable freeze by Tether preventing a portion of the theft.
  • Remitano confirmed the attack and attributed it to a third-party data breach.
  • User funds were stated to be unaffected, with expectations of resuming normal operations in 48 hours.
  • Several recent crypto exchange hacks in 2023 have been linked to the Lazarus Group, possibly tied to North Korea.

Facts:

  • On September 14, a Remitano hot wallet sent crypto assets to an unfamiliar address, resulting in a loss of $2.7 million.
  • Tether froze an address linked to the attacker, potentially safeguarding $1.4 million of the stolen funds.
  • Remitano acknowledged the attack, attributing it to a third-party data breach, while reassuring users about fund safety.
  • Various cryptocurrencies’ transactions on Remitano were temporarily affected, but Bitcoin, Bitcoin Cash, and Litecoin services remained operational.
  • Remitano primarily serves users in emerging markets, and it’s part of a recent wave of crypto exchange hacks in 2023.
  • The Lazarus Group, associated with the North Korean government, is suspected to be behind the recent spate of crypto exchange hacks in 2023, stealing millions of dollars.

Source: Cointelegraph

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