Bitrue Hacked for $23 Million

Summary:

On April 14, 2023, cryptocurrency exchange Bitrue was hacked, resulting in the theft of cryptocurrencies worth approximately $23 million. Hackers gained access to the exchange’s hot wallets and stole various cryptocurrencies, including ETH, SHIB, QNT, HOT, MATIC, and GALA.

Attackers:

The identity of the hackers who carried out the attack on Bitrue is unknown.

Bitrue Drainer wallet: 0x1819ede3b8411ebc613f3603813bf42ae09ba5a5

Losses:

Bitrue estimated the losses from the hack to be approximately $23 million. The stolen assets included:

  • 320 ETH
  • 173,000 QNT
  • 172,55B SHIB
  • 756,15M HOT
  • 310,000 MATIC
  • 46,4M GALA

Timeline:

Security Failure Causes:

  • Wallet System Vulnerability: Flaws in Bitrue’s hot wallet system have led to unauthorized access and transfers of funds.