Other
"Suspension of 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
- 2023-04-27 Breach occurred
- 2023-04-27 Publicly disclosed