Cryptocurrency
[loss] $800,000
"Latest Updates on Recent Security Incident On Remitano"
Primary Source ↗Financial Loss
$800,000
(800,000 USD)
Recovered
$1.9M
Blockchain(s)
Ethereum, Tron
Incident Details
Crypto exchange Remitano suffered a hack in which $2.7 million in Tether (USDT), USDC, and Ankr was drained from the exchange’s hot wallets across three blockchains. Luckily for them, Tether was able to freeze $1.9 million of the stolen funds, substantially reducing the attacker’s profits.Remitano acknowledged the hack, writing that they had suffered a “data breach from a third-party source”. They have claimed that users’ assets will not be affected by the theft.Remitano is a peer-to-peer crypto exchange focused on emerging markets, including Nigeria, Pakistan, Venezuela, and Malaysia.
Total loss estimated at $800,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Remitano
Timeline
- 2023-09-15 Breach occurred
- 2023-09-15 Publicly disclosed