BitBNS

BitBNS Exchange Hacked for $8 Million, Incident Initially Concealed

February 1, 2022
Attack Types: 
Infrastructure Attack ,Private Key Leak
Entity Types: 
Custodian ,Exchange
Target Entities: 
BitBNS

Summary # On February 1, 2022, BitBNS, an Indian crypto exchange, fell victim to a hacking incident resulting in the loss of $8 million. The exploit was made possible through a vulnerability in their AWS (Amazon Web Services) cloud storage, allowing the attacker to access the exchange’s private keys and steal funds. BitBNS initially attempted to hide the breach from users by tweeting about “system maintenance in progress.” The CEO later admitted to concealing the incident, stating that the decision was made following law enforcement advice. ...