CoinSpot

Crypto Exchange CoinSpot Reportedly Suffers $2.4 Million Hot Wallet Hack

November 8, 2023
Attack Types: 
Private Key Leak
Entity Types: 
Exchange
Target Entities: 
CoinSpot

Summary # On November 8, 2023, the Australian crypto exchange, CoinSpot, experienced an attack on two of its hot wallets, resulting in more than $2.4 million in losses due to a private key leak. The recipient of these funds exchanged them using platforms THORchain and Wan Bridge before exchanging them for Bitcoin using Uniswap and spreading them into four wallets. The Australian financial authority, AUSTRAC, is actively addressing the security breach because the amount stolen is more than $10,000. ...