You are here: Home » News-ANI » Technology
Business Standard

Hacker steals USD 4.2 million crypto coins from Bitrue


A hacker reportedly broke into the systems of Singapore-based cryptocurrency exchange Bitrue, stealing around USD 4.2 million worth of crypto coins XRP and ADA.

Bitrue explained in an official tweet that a hacker exploited a vulnerability in its Risk Control team's second review process to access the personal funds of about 90 Bitrue users, Mashable reports.

The hackers stole 9.3 million XRP and 2.5 million ADA coins in total. The company has assured affected users that the lost funds will be fully returned. It is also reviewing its security measures to prevent future attacks.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 27 2019. 23:03 IST