The Remitano exchange saw a suspicious hack activity because one account took almost $2.7 million from their wallet.
On September 14, Remitano reported an unusual significant withdrawals, prompting blockchain researchers to speculate that hackers might have targeted the exchange. Through the shady transactions, a total of $2.7 million in cryptocurrency has been taken out. One of the addresses the suspected attacker used has been locked by Tether, potentially safeguarding users’ cryptocurrency valued at $1.4 million.
A prominent Remitano exchange hot wallet began sending funds to a previously unused address at 12:45 pm, suggesting a hack. The new address received Tether USDT $1.00, USD Coin USDC $1.00, and 104,000 Ankr tokens, worth $1.4 million, $208,000, and $2,000 each, respectively.
Blockchain analytics platform Cyvers informed the crypto community about the allegedly suspicious transactions. Tether froze the address to stop the attacker from withdrawing USDT, preventing the movement of $1.4 million in drained cryptocurrency. Regarding the event, Remitano has not yet released a statement.
Peer-to-peer cryptocurrency exchange and payment processor Remitano specializes in emerging countries. Pakistan, Ghana, Venezuela, Cambodia, Kenya, Malaysia, India, South Africa, Vietnam, and Nigeria are among the countries it serves as users.
In 2023, many crypto exchange breaches led in the release of private keys and the theft of money. American investigators allege the Lazarus Group, a cybercriminal organization linked to North Korea, is responsible for these assaults. Authorities accuse the gang of stealing $27 million from Coinex and $41 million from Stake on September 4.
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