Ripple News

Bitrue Exchange Hacked, XRP and Cardano (ADA) Stolen



The latest exchange hack affected Bitrue, a Singapore market operator, targeted exclusively Ripple’s XRP and Cardano (ADA). Bitrue lost between $4 and $5 million worth of digital assets, promising to refund the losses 100%. The relatively small heist shows that exchanges are still vulnerable to thefts, also depending on the technicalities of each separate asset.

Bitrue reacted immediately, explaining the hack in a Twitter thread:

https://twitter.com/BitrueOfficial/status/1144066874147131392

The funds were moved to several leading exchanges, including Huobi, Bittrex, ChangeNOW, Exmo.me, and Coinswitch.co, reported TheNextWeb. Huobi, Bittrex, and ChangeNOW cooperated to free…

This article appeared first on Cryptovest

Source: investing.com
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