Major exchange Bitrue hacked – over $5 million in cryptocurrencies stolen
Jun 27, 2019
Singapore-based Bitrue, number 53 on Coinmarketcap’s list of the world’s largest crypto exchanges, has been hacked, the exchange announces on Twitter.
Xrp and cardano worth over $5 million were stolen from about 90 users on the crypto exchange.
Exploited weakness in the system
The attack, which the hackers carried out by exploiting a weakness in Bitrue’s risk control system, was detected quickly, and the crypto thieves have now been kicked out off the exchange, Cointelegraph reports.