22,550,000,000 Shiba Inu and Other Crypto Assets Stolen From Bitrue Exchange in Massive Hack: PeckShield

0 6

knife

Tens of billions of Shiba Inu (SHIB) tokens and other digital assets have been stolen from crypto exchange Bitrue in a massive multi-million-dollar exploit.

In a new announcement, Bitrue says that hackers were able to exploit a hot wallet to steal about $23 million worth of crypto assets, including Ethereum (ETH), and ERC-20 tokens such as meme asset SHIB, interoperable blockchain Quant (QNT), metaverse gaming platform Gala (GALA), layer-2 scaling solution Polygon (MATIC) and decentralized application (DApp) marketplace Holochain (HOT).

“We have identified a brief exploit in one of our hot wallets on 07:18 (UTC), 14 April 2023. We were able to address this matter quickly and prevented the further [exploitation] of funds. We take this matter seriously and are currently investigating the situation.

The attackers were able to withdraw assets worth approximately $23 million in ETH, QNT, GALA, SHIB, HOT and MATIC. The affected hot wallet only holds less than 5% of our overall funds. The rest of our wallets remain secure and have not been compromised.”

Blockchain security firm PeckShield reveals that the wallet address associated with the bad actor exchanged the stolen QNT, SHIB, HOT and MATIC for approximately 8,540 ETH.

“Bitrue Drainer-labeled address swapped 173,000 QNT, 22.55 billion SHIB, 46.4 million GALA and 310,000 MATIC for ~8,540 ETH.

Bitrue Drainer received ~$22 million worth of cryptos (~320 ETH, 173,000 QNT, 172.55 billion SHIB, 46.4 million GALA, 756.15 million HOT and 310,000 MATIC) from [the address] who received these cryptos from Bitrue three days ago.”

Source: PeckShield/Twitter

Peckshield notes that QNT suffered an 11% drop in just three hours due to the exploit. QNT went from its seven-day peak of $127.65 to $115.20. The digital asset has since recovered and is trading for $121.32 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Shutterstock/karnoff

The post 22,550,000,000 Shiba Inu and Other Crypto Assets Stolen From Bitrue Exchange in Massive Hack: PeckShield appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 58,017.54
ethereum
Ethereum (ETH) $ 3,125.65
tether
Tether (USDT) $ 0.999943
bnb
BNB (BNB) $ 532.11
solana
Solana (SOL) $ 138.06
usd-coin
USDC (USDC) $ 0.999018
staked-ether
Lido Staked Ether (STETH) $ 3,124.44
xrp
XRP (XRP) $ 0.464266
the-open-network
Toncoin (TON) $ 7.30
dogecoin
Dogecoin (DOGE) $ 0.107172
cardano
Cardano (ADA) $ 0.409644
tron
TRON (TRX) $ 0.136655
avalanche-2
Avalanche (AVAX) $ 25.61
shiba-inu
Shiba Inu (SHIB) $ 0.000016
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,095.57
polkadot
Polkadot (DOT) $ 6.00
chainlink
Chainlink (LINK) $ 12.64
bitcoin-cash
Bitcoin Cash (BCH) $ 353.90
uniswap
Uniswap (UNI) $ 8.10
near
NEAR Protocol (NEAR) $ 4.99
dai
Dai (DAI) $ 0.999852
leo-token
LEO Token (LEO) $ 5.68
litecoin
Litecoin (LTC) $ 69.14
matic-network
Polygon (MATIC) $ 0.503134
wrapped-eeth
Wrapped eETH (WEETH) $ 3,265.26
kaspa
Kaspa (KAS) $ 0.167108
pepe
Pepe (PEPE) $ 0.000009
ethena-usde
Ethena USDe (USDE) $ 0.997814
internet-computer
Internet Computer (ICP) $ 7.27
ethereum-classic
Ethereum Classic (ETC) $ 21.38
monero
Monero (XMR) $ 158.57
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.15
aptos
Aptos (APT) $ 6.07
stellar
Stellar (XLM) $ 0.090702
blockstack
Stacks (STX) $ 1.70
render-token
Render (RNDR) $ 6.19
hedera-hashgraph
Hedera (HBAR) $ 0.066757
cosmos
Cosmos Hub (ATOM) $ 6.04
crypto-com-chain
Cronos (CRO) $ 0.087756
mantle
Mantle (MNT) $ 0.699328
filecoin
Filecoin (FIL) $ 3.99
arbitrum
Arbitrum (ARB) $ 0.696101
okb
OKB (OKB) $ 37.57
maker
Maker (MKR) $ 2,456.14
vechain
VeChain (VET) $ 0.026822
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,173.96
immutable-x
Immutable (IMX) $ 1.26
first-digital-usd
First Digital USD (FDUSD) $ 0.998081
injective-protocol
Injective (INJ) $ 19.81
optimism
Optimism (OP) $ 1.70
sui
Sui (SUI) $ 0.737773
the-graph
The Graph (GRT) $ 0.183984
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,503.02
bittensor
Bittensor (TAO) $ 241.82
bonk
Bonk (BONK) $ 0.000023
dogwifcoin
dogwifhat (WIF) $ 1.57
notcoin
Notcoin (NOT) $ 0.015224
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,246.28
lido-dao
Lido DAO (LDO) $ 1.66
arweave
Arweave (AR) $ 22.48
bitget-token
Bitget Token (BGB) $ 1.04
aave
Aave (AAVE) $ 96.22
ondo-finance
Ondo (ONDO) $ 0.97641
theta-token
Theta Network (THETA) $ 1.39
floki
FLOKI (FLOKI) $ 0.000141
whitebit
WhiteBIT Coin (WBT) $ 9.53
fantom
Fantom (FTM) $ 0.468683
celestia
Celestia (TIA) $ 6.34
thorchain
THORChain (RUNE) $ 3.59
jasmycoin
JasmyCoin (JASMY) $ 0.024361
based-brett
Brett (BRETT) $ 0.113576
algorand
Algorand (ALGO) $ 0.13701
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,131.58
pyth-network
Pyth Network (PYTH) $ 0.289821
quant-network
Quant (QNT) $ 71.68
jupiter-exchange-solana
Jupiter (JUP) $ 0.757386
coredaoorg
Core (CORE) $ 1.09
elrond-erd-2
MultiversX (EGLD) $ 35.37
sei-network
Sei (SEI) $ 0.313868
gatechain-token
Gate (GT) $ 6.96
flare-networks
Flare (FLR) $ 0.019329
kucoin-shares
KuCoin (KCS) $ 9.12
mantra-dao
MANTRA (OM) $ 1.05
flow
Flow (FLOW) $ 0.547044
ethereum-name-service
Ethereum Name Service (ENS) $ 25.80
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,171.01
axie-infinity
Axie Infinity (AXS) $ 5.37
tokenize-xchange
Tokenize Xchange (TKX) $ 9.89
akash-network
Akash Network (AKT) $ 3.24
dydx-chain
dYdX (DYDX) $ 1.30
gala
GALA (GALA) $ 0.021402
eos
EOS (EOS) $ 0.52167
bittorrent
BitTorrent (BTT) $ 0.0000007961133
bitcoin-sv
Bitcoin SV (BSV) $ 38.84
tezos
Tezos (XTZ) $ 0.759738
fasttoken
Fasttoken (FTN) $ 2.34
msol
Marinade Staked SOL (MSOL) $ 166.07
beam-2
Beam (BEAM) $ 0.014723
usdd
USDD (USDD) $ 0.997756
starknet
Starknet (STRK) $ 0.556676