The Seychelles-based cryptocurrency exchange Bilaxy said it had suffered a hack of its hot wallets. Users were advised to refrain from deposits. The company did not disclose the amount of the loss.
⚠️⚠️Top Urgent-Bilaxy Hacked Notice
Pls note Bilaxy Hot wallet was hacked, ❌pls DON’t send any funds to your bilaxy accounts again. We are racing with the time to checking and fixing. Pls wait for further Notice.@ICODrops @ICO_Analytics @CoinMarketCap @
Bilaxy Team
— Bilaxy (@Bilaxy_exchange) August 29, 2021
In the night of August 28-29, Bilaxy abruptly suspended operations. According to security analyst MyCrypto Harry Denley, the hackers also disabled the exchange’s support desk and blocked its email domains.
The analyst noted that the platform’s daily trading volume tops $338 million — a fairly large exchange. In his assessment, the hackers could have withdrawn around $70 million.
Notables:
Their zendesk (support[.]bilaxy[.]com) support is offline — no longer exists
Their email subdomain (mail[.]bilaxy[.]com) returns the default nginx hold page pic.twitter.com/ilfFYW486c
— harry.eth (@sniko_) August 29, 2021
The Hoge Finance project said that during the attack hackers withdrew about 1 billion HOGE (~$161,700 at the time of writing). According to the developers, the hacked wallet contained crypto worth $22 million.
The attack allegedly affected tokens from around 300 projects, including the stablecoin Tether (USDT) and native tokens DEX Uniswap (UNI). This information was confirmed by journalist Colin Wu.
This hack resulted in the transferring of nearly 300 cryptos. Including @Tether_to, @Sparkster_Me, @usdcoin, @Kylin_Network, @iearnfinance, @0Chain, @Uniswap, @TerraVirtuaHQ, @SushiSwap and more.#BilaxyHack #BREAKING #cryptocurrencies #Hackers
— HOGE (@HogeFinance) August 29, 2021
The Bilaxy team said it is working on a fix. The company promised to provide detailed information about the incident after maintenance.
The exchange is trying to contact the issuer of the USDT stablecoin, possibly to freeze the stolen assets. It has also asked the Hoge Finance team to get in touch.
Hi, we have important things to contact you, please send me a private message,thanks
— Bilaxy (@Bilaxy_exchange) August 28, 2021
Earlier, on August 19, the Bitcoin exchange Liquid was hacked for $80 million.
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