Slovakian Crypto Exchange Eterbase Falls Victim to Hack

Cryptocurrency exchange Eterbase announced Tuesday 8 September that a hack compromised hot wallets of six of its listed cryptocurrencies.

The Slovakian-based exchange clarified in a tweet that the hack caused a loss of about $1.6 million in various cryptocurrencies.

“The exchange is now in maintenance mode,” it announced.

The stolen cryptocurrencies included Bitcoin, Ether, XRP, Tezos, Algorand and TRON, according to the announced data.

Meanwhile, Eterbase clarified that the hack took place on Monday night, with hackers transferring the cryptocurrencies into public wallets. Since then, they have emptied these wallets.

“We have contacted all centralised exchanges that might be receiving these illicit funds,” Eterbase noted.

It announced that new information might pop up due to the ongoing investigation. It apologised for the inconvenience and asked traders to have some patience until they solve the issue.

Eterbase

Based in Bratislava, Slovakia, Eterbase lists euro trading pairs against a series of conventional and DeFI-related digital assets, Coindesk said.

Meanwhile, CoinMarketCap noted that Eterbase is a centralised exchange with a focus on crypto to SEPA integration via individual IBAN accounts, multi-asset support, and local regulatory compliance. The exchange aims to become a fully compliant platform that offers a broad range of B2C and B2B cryptocurrency-specialised solutions “such as a high-frequency trading platform, treasury management, P2P lending and trading, over-the-counter trading, and an incentive system for market makers in the form of negative trading fees.”

Eterbase utility token is a native utility token for the exchange. It has multiple forms of utility, essentially being the cornerstone of our present and future ecosystem, according to the exchange’s website.

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Hanan Hamed 48 Articles
a bilingual journalist. She writes in both Arabic and English. She has been writing news and features for 7 years now. She is specialized in business and economic news.