UK exchange freezes withdrawals for hacking

Exmo has suffered a major security breach causing the platform to freeze its withdrawals

The UK-based Exmo exchange has suffered a security breach on its platform generating a 5% loss in its withdrawals, after all exchange operations were frozen.

The notice generated on the platform on December 21, detected suspicious withdrawal activity with large amounts of major currencies such as bitcoin (BTC) coming out of the platform’s hot wallets.

However, the head of commercial development of the cryptocurrency exchange Exmo, Maria Stankevich, assured that the incident has not been very serious for the platform, this is because the exchange’s hot assets included 5% of total assets.

Stankevich assured that the rest of the assets are out of danger, “Let us emphasize that all the assets of the cold wallets are safe,” he reported in the announcement.

According to the information provided by the source, the exchange corresponds to crypto wallets that were likely to be involved in the hack, prompting Exmo to urge other global exchanges to block their associated wallets.

K. Villarroel

Source: cointelegraph

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