Rapid intervention on 11 million dollars of attack from Bitopro: User assets are safe
Bitopro announced that the $ 11 million fund, which was lost as a result of a cyber attack in May, was fully met and that user assets were not affected.
Taiwan -based crypto exchange Bitopro announced a cyber attack in May that caused more than $ 11 million damages. The attack took place during the system update on one of the old hot wallets of the platform.
The attack was first identified and shared with the public by the prominent researcher of the Blockchain world, Zachxbt. According to the researches, the stolen funds were transferred to the Bitcoin mixer called Wasabi Wallet after being laundered via various Privacy protocols and decentralized stock exchanges (Dex).
Funds were welcomed, new wallets were switched
Bitopro officials said that with the identification of the incident, a rapid emergency intervention protocol was implemented and that the platform was replaced by the funds stolen with their own assets in order not to damage users.
“As soon as the threat in the system was detected, all assets were moved to safe wallets and the aggressive access was prevented,” it was emphasized that the situation was under control.
The company has completely renewed its hot wallet infrastructure and will soon share its new wallet addresses with the public on behalf of transparency.
Users Not Affected: Transactions Continue
According to the Bitopro spokesman:
“The virtual asset reserves of the platform are intact. User assets are completely safe.
It was also stated that the company kept most of its assets in cold wallets and stronger measures against similar events in the future.
Cyber Security Partnership and Future Steps
Bitopro announced that he had cooperated with an independent cyber security company in order to investigate the attack in a detailed investigation and to identify those responsible. The company’s name has not been shared yet, but the technical report will be announced to the public said.
The reserve power and transparency of regional exchanges such as Bitopro against large -scale attacks undergo an important exam. In this case, the rapid and transparent attitude of the platform is an example in terms of protecting user trust. However, the event showed once again that hot wallets could be open even during the update. Comprehensive cold wallet strategies and blockchain analysis integrations are now indispensable not only for large stock exchanges, but also for regional players.
