Other

"Suspension of activities"

2023-04-27 [vendor] Bit4You suspends activities
Primary Source ↗

Incident Details

The only Belgian crypto platform, the Bit4You crypto lender, announced they would be suspending activities after the CoinLoan crypto exchange was ordered to suspend activities after being declared insolvent.“To date we have no indication that the virtual currencies held on behalf of our customers with CoinLoan will not be recovered,” they wrote in their announcement. Reassuring!

Technical Details

Initial Attack Vector
Protocol collapse / insolvency
Vendor / Product
Bit4You suspends activities

Timeline

  1. 2023-04-27 Breach occurred
  2. 2023-04-27 Publicly disclosed