According to on-chain data, nearly $5 million in various cryptocurrencies were drained and liquidated from crypto exchange ZB.com’s hot wallet. Despite the lack of specifics, it appears to have been a hack.
Mysterious Hack
ZB.com may be the latest crypto hack victim, though details are scarce at this time.
ZB.com, which bills itself as “the world’s most secure digital asset exchange,” may have been hacked today, as nearly $5 million in cryptocurrencies from the exchange’s hot wallet were transferred. At the time of writing, the receiving address had depleted all but five tokens.
The unusual movement of funds was observed and reported by PeckShield, a blockchain security and analytics firm.
Following the attack, the attacker sold the tokens on several decentralized exchanges, earning approximately 2,224 ETH ($3.6 million) and transferring the funds to this wallet, where they remain as of press time.
ZB.com had suspended withdrawals the day before the incident for “temporary maintenance.” ZB.com issued the following statement at the time: “Due to the sudden failure of some core applications, it still takes time to troubleshoot the problem. Deposit and withdrawal services are now suspended. Please do not deposit any digital currency before recovery.”
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