Hackers Steal $5.4 Million From Crypto Exchange Eterbase

10 September 2020

Hackers Steal $5.4 Million From Crypto Exchange Eterbase

Slovakian cryptocurrency exchange Eterbase this week announced that hackers breached its systems and stole roughly $5.4 million.

Launched in 2019 and based in Bratislava, Slovakia, Eterbase is a centralized exchange that focuses on crypto to SEPA (Single Euro Payments Area) integration. It provides users with the ability to make and receive SEPA payments in their IBAN accounts.

On Tuesday, September 8, Eterbase revealed on its Telegram channel that its hot wallets were hacked, with funds being sent to six different crypto wallets, and that all centralized exchanges that might receive the stolen currency were informed on the incident.

“As we have informed our customers/community yesterday, the hot wallets of the ETERBASE Exchange were compromised and assets worth approximately $ 5.4 million were stolen,” the exchange said in a blog post on Wednesday.

Eterbase, which has entered maintenance mode for the time being, also announced that it has contacted law enforcement to investigate the incident.

“After the security audit of renowned global companies, our operations will continue. We will announce the date of the re-opening of the ETERBASE Exchange platform as soon as possible,” the company says.

On Twitter, Eterbase announced that the investigation into the incident has already revealed that most of the stolen funds ended up on three crypto-exchanges: Binance, Huobi, and HitBTC.

“We want to inform our users that we have enough capital to meet all our obligations, and at the same time, we want to reassure everyone that this event won't stop our journey,” the exchange said in another tweet.