BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Little-known Asian crypto exchange VinDAX got hacked; lost ‘half a million USD’ worth of tokens

Little-known Asian crypto exchange VinDAX got hacked; lost ‘half a million USD’ worth of tokens
Vietnam-based little-known cryptocurrency exchange VinDAX has been hacked, losing “half a million USD” worth of cryptocurrencies, The Block has learned.
An admin of VinDAX’s official Telegram channel, with the handle “@VinDAXSupport” confirmed to The Block on Friday that it is “true” that the exchange got hacked and lost cryptocurrencies worth the amount. They said the breach took place “3 days ago.”
One source familiar with the matter told The Block that VinDAX has lost the funds via 23 cryptocurrencies. The admin declined to share further information but said: "We have made a full recovery from this attack," without providing details.
VinDAX is primarily engaged in conducting token sales of little-known projects via its Launchpad platform. There is currently a token sale going on the platform for blockchain project MyFie, while there are at least 5 more token sales scheduled on the platform.
Notably, VinDAX had over 390,000 visitors last month and the majority (over 65%) of them were from India, according to web analytics firm SimilarWeb.
The Block has further learned that VinDAX has been sending emails to projects of hacked tokens, asking for funds.
"Please lend us an amount of your token/coin equal to 30%-100% the amount that was stolen in the last accident so that we can address the withdrawal request of the users that are related to your token/coin,” one of the emails reportedly read.
7th hack of the year 

VinDAX's hack marks this year’s seventh breach, and the total amount stolen from cryptocurrency exchanges to date now stands at around $1.39 billion, according to The Block’s research.
Source: The Block
While for this year alone, cryptocurrency exchanges have so far lost over $100 million.


Source: The Block
In July, Japanese cryptocurrency exchange Bitpoint got hacked and lost about $32 million in cryptocurrencies, including XRP. A month prior to that, Singapore-based cryptocurrency exchange Bitrue suffered a hack, losing about $4.3 million in XRP and Cardano (ADA) tokens. Other exchanges include Binance , Bithumb , DragonEX and Cryptopia . 

BitRss.com shares this Contents with License.

Thank you for Share!

   
Read the full Article

Read the full Article: Little-known Asian crypto exchange VinDAX got hacked; lost ‘half a million USD’ worth of tokens


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News