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VI Exchange ZB.com was the next victim of a hacker attack with a total loss of $4.8 million. Before the case hack, the exchange has announced to suspend withdrawals because of some unexpected errors.
ZB.com, formerly CHBTC.com, is one of the exchanges cryptocurrency oldest on the market. The platform was previously based in China and was among the exchanges that had to relocate after the country banned trading. crypto in 2017.
“Because some core apps crash unexpectedly, it still takes time to fix the problem. Deposit and withdrawal services are currently suspended. Customers please do not send crypto before everything is restored,” the exchange said.
ZB users,
— ZBExchange (@ZBexchange) August 2, 2022
Due to the sudden failure of some core applications, we're currently responding to these issues.
To keep your assets secured, we have temporarily suspended Deposit and Withdrawal services while we resolve the issue.
We will provide an update once completed.
Thank you
According to the security company blockchain PeckShield, the hacker transferred 21 tokens from ZB.com's hot wallet to various addresses for sale, including Tether (USDT), Shiba Inu (SHIB) and Tesla (TSR). These tokens have been sold on several exchanges CEX, in exchange for 2.224 ETH (3.6 million USD).
The total funds being transferred out from @ZBexchange are ~$4.8M and here is the detailed breakdown of tokens: https://t.co/uMpkvxtOAo pic.twitter.com/xo373Zyge1
— PeckShield Inc. (@peckshield) August 3, 2022
Is @ZBexchange under maintenance or might its hot wallet be hacked ? https://t.co/N3siS1RAix https://t.co/9oGhhrXXAi pic.twitter.com/OdrDwocf1A
— PeckShield Inc. (@peckshield) August 3, 2022
The attack occurred after ZB.com announced it was suspending deposits and withdrawals due to "sudden failure of some core applications". The exchange warned users not to “send any digital currency before the system recovers”.
Service hack ZB.com comes after a series of incidents this week, with the bridge Nomad cross-chain hacked and damage more than 190 million USD, leading to a series of big project names affected. Next is the network security problem Solana, causing nearly 8,000 user wallets to lose their assets for unknown reasons.
