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Cryptocurrency exchange “ZB” loses about $5 million in a possible hack…Details here

Cryptocurrency exchange “ZB” loses about $5 million in a possible hack…Details here

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Answer Cryptocurrency exchange “ZB” loses about $5 million in a possible hack…Details here

Crypto exchange ZB.com appears to be the latest victim in a string of recent hacks involving several cryptocurrency companies and platforms, with potential hackers reportedly draining about $4.8 million from ZB’s hot wallet.

The platform, which promotes itself as the safest cryptocurrency exchange in the world, was based in China before it moved and established its operations in other countries.

About $4.8 million comes out of the ZB.com trading platform:

Blockchain security research firm PeckShield reports that 21 different crypto assets worth over $4.7 million have been moved from the ZB.com hot wallet in what could be a hacker attack.

A portion of the cryptocurrencies that have been taken out of the trading platform include:

Read:Scam: Distributing fake “MetaMask” cryptocurrency and its price up by 2,600% and then disappearing with investors’ money

MATIC, APE, SHIB, AAVE, USDT, USDC, CRV, 1 inch.

Meanwhile, the report came shortly after Advertising Cryptocurrency trading platform announces the temporary suspension of deposits and withdrawals.

According to a statement posted on the Zb.com blog:

Due to the sudden failure of some basic applications, troubleshooting the problem still takes some time.

Deposit and withdrawal services are now suspended.

Please do not deposit any cryptocurrency before redeeming.

Any change or update we will announce.

We apologize for the inconvenience, and thank you for your patience!

However, the platform did not confirm whether the suspension was due to a security breach in its hot wallet.

ZB.com, formerly known as “CHBTC.com,” was founded in 2013 and is headquartered in China.

But after the Chinese government cracked down on cryptocurrency trading in 2017, the company halted all operations in the country and moved elsewhere, later renamed to its current name.

The platform now has more than 10 million users.

Read:Three crypto firms miss US SEC payment deadline

Three big hacks in the crypto arena in three days:

The potential Zb.com hack makes it the third crypto industry crash in the month of August alone.

The Nomad Bridge has suffered from exploits and hacking, with attackers draining nearly $200 million worth of cryptocurrency from the protocol’s funds.

Some of the hackers involved in the incident returned $9 million to the refund address provided by Nomad.

Solana’s network also fell victim to a multi-million dollar hack on August 3, with more than 7,700 wallets compromised in the attack.

Losses from affected portfolios are estimated at about $8 million.

Read also:

The crypto community is waiting for the price of Bitcoin, considering $ 28 thousand an important level!

Once again…Solana suffers outage with thousands of digital wallets being drained and stolen


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