The Italian cryptocurrency exchange Altsbit reported that attackers stole a huge amount of Bitcoin (BTC) and Ethereum (ETH) from its accounts, including customer deposits. The attack became known from Twitter exchanges last week. It is not known who was behind the incident, since no technical information about the incident has yet been published.
Reportedthat the incident occurred on February 5, 2020 and, according to representatives of the resource, led to "the theft of almost all funds from BTC, ETH, ARRR and VRSC wallets." Initially, it was reported that only a small part of client funds was stored in a place inaccessible to attackers, in cold wallets. The remaining tokens were in hot wallets, for which Altsbit paid.
An investigation is still ongoing, in one of the updates Exchange officials said there were still more funds in cold wallets than they had originally anticipated. But the losses from the attack are still estimated as excessive.
Altsbit is currently confirming the theft:
- Bitcoin (BTC): 6,929 tokens out of 14,782;
- Ethereum (ETH): 23.21 tokens out of 32.262;
- Pirate Coin (ARRR): 3,924,082 tokens out of 9,619,754;
- Verus (VRSC): 414,154 tokens out of 852,726;
- Komodo (KMD): 1,066 tokens out of 48,015.
The exchange promises that 7.853 BTC (53.1%) will be returned to users, along with 9.052 ETH (28.06%), 5 695 672 ARRR (59.2%), 438 572 VRSC (51.24%) and 46 949 KMD (97.77%). Moreover, victims will have to request a refund manually: such operations from February 10 to May 8, 2020 will be carried out by Altsbit employees.
The developers of the exchange said that after the expiration of this period, "the Altsbit platform will be closed."