Hotbit reports potential leak of user data

On April 29 at 23:00 Moscow time, the cryptocurrency exchange Hotbit came under a cyberattack, with attackers allegedly gaining access to data of nearly 2 million users. Client funds are safe, the exchange said.

“Phone numbers, email addresses and data on user assets are at risk of leakage. Passwords and 2FA keys are encrypted, so they should theoretically be safe. However, we still urge you to change your password immediately,” the exchange said.

The internal control and risk management system prevented the breach of exchange wallets, but hackers managed to delete the user database.

“While backups are normally performed for databases, we are still not sure whether the data was stolen before the attack,” Hotbit said.

The security service has shut down all services to verify and restore data if necessary. The Hotbit team plans to rebuild all 200 servers in use.

The technical work will take seven to 14 days.

After operations resume, the exchange will cancel open orders to avoid unintended trading losses for users and will pay daily accruals, including for investment products and Filecoin cloud computing capacity.

Hotbit will also bear responsibility for losses on leveraged ETF products borne by position holders during the maintenance period.

Earlier this week, in the early hours of April 28 the Uranium Finance cryptocurrency project came under attack. Preliminary damage is estimated at $50 million.

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