Golden Finance reported that after “on-chain detective” ZachXBT disclosed that Taiwan’s cryptocurrency exchange BitoPro was recently hacked, BitoPro officially issued an announcement confirming that during the upgrade of its wallet system and asset transfer operations, old hot wallets were attacked when allocating funds.
BitoPro stated that upon discovering the attack, it immediately activated the emergency response mechanism, quickly transferred the platform assets safely to a new wallet, and successfully blocked the hackers’ further actions. Meanwhile, the platform has also entrusted a third-party professional security company to comprehensively assist in the investigation of this incident and track relevant clues, striving to thoroughly investigate the source of the attack and recover possible losses.
According to ZachXBT’s monitoring, suspicious capital outflows have occurred in hot wallets on multiple chains such as Tron, Ethereum, Solana, and Polygon. The stolen assets were quickly sold through the DEX market, and subsequently the stolen funds were transferred to Tornado cash. Or it can be cross-chain to the Bitcoin network via Thorchain and deposited into the Wasabi wallet. However, BitoPro emphasized that the platform’s virtual asset reserves remain sufficient, and users’ rights and interests will not be affected at all. Currently, the functions of depositing, withdrawing and trading users’ funds are all operating normally.
To further enhance user confidence and improve platform transparency, BitoPro also stated that it will subsequently disclose the new hot wallet address for external verification. This measure aims to enable users and the entire cryptocurrency community to have an intuitive understanding of the storage of platform assets and supervise the security of funds. As of now, BitoPro has not officially disclosed the amount of losses in this incident. It only informed users that the exchange was previously in a “under maintenance” state. As the investigation progresses in depth, it is expected that more details about this hacking incident will gradually come to light.
The security of cryptocurrency trading platforms has always been a focus of industry attention. Previously, several well-known trading platforms have been attacked by hackers, causing damage to users’ assets and triggering market turmoil. For instance, in 2019, BitPoint, one of Japan’s largest cryptocurrency exchanges, suffered a cyber attack, losing $32 million worth of customer funds. This incident severely undermined the community’s trust in the cryptocurrency industry and highlighted the importance of strengthening security measures in the crypto field. After being attacked this time, BitoPro took prompt action and responded positively. Whether it can effectively solve this crisis and regain users’ trust in the future still needs to be continuously watched.
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