Cryptocurrency [loss] $800,000

"Latest Updates on Recent Security Incident On Remitano"

2023-09-15 [vendor] Remitano [chain] ethereum, tron
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

  1. 2023-09-15 Breach occurred
  2. 2023-09-15 Publicly disclosed