Cryptocurrency [loss] $2M+

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2023-11-08 [vendor] CoinSpot [chain] ethereum
Primary Source ↗
Financial Loss $2.4M (2,400,000 USD)
Blockchain(s) Ethereum

Incident Details

The Australian cryptocurrency exchange CoinSpot appears to have been hacked for around 1,283 ETH (~$2.4 million). In two separate transactions, the ETH was transferred out of CoinSpot’s hot wallet, then bridged to Bitcoin via Thorchain and another bridge.

Total loss estimated at $2,400,000.

Technical Details

Initial Attack Vector
On-chain theft (attributed by zachxbt)
Vendor / Product
CoinSpot

Timeline

  1. 2023-11-08 Breach occurred
  2. 2023-11-08 Publicly disclosed