Crypto Exchange, based in Taiwan, Bitopro confirmed to Coindesk that he had undergone an cyber attack on an old hot wallet in May, causing losses of more than $ 11 million.
The company said that it had immediately reconstructed the stolen funds and moved assets to new portfolios to avoid other losses.
The breach, which occurred on May 8 during an upgrade of the portfolio system, was first reported by the blockchain Sleuth Zachxbt. He revealed that the stolen funds had been bleached by decentralized exchanges and confidentiality protocols before being deposited in Wasabi Wallet, a popular Bitcoin mixer.
“Bitopro recently experienced a cyber attack on an old hot wallet when upgrading the wallet system,” shared the exchange with Coindesk. “During the detection, we quickly launched an emergency response, obtaining assets by moving them to new wallets and blocking the attacker.”
The company stressed that user assets were not affected, all deposits, withdrawals and trading functions continue normally.
“Bitopro virtual asset reserves are ample and user assets remain completely unchanged,” added a spokesperson.
The exchange said that he was working with a third -party cybersecurity company to investigate hacking and will soon publish new hot portfolio addresses to improve transparency. He added that the majority of his assets take place in cold -line cold wallets to protect himself from similar incidents in the future.
Bitopro, which has been operated by Bitogroup, has served the Taiwan cryptography market since 2018. It has supported the major cryptocurrencies associated with the Taiwanese dollar and treated more than $ 20 million in a volume of negotiation in the last 24 hours, according to data.
Read more: Taiwanese cryptocurrency exchange bitopro, probably hacked $ 11 million in May, said Zachxbt
