Remitano Crypto Exchange Faces Suspicious Withdrawals: Potential Hack Alert, Tether Freezes $1.4 Million in Cryptocurrency
Summary:
Crypto exchange Remitano experienced suspicious withdrawals of $2.7 million worth of cryptocurrency, leading to speculations of a possible hack. Tether froze an address used by the attacker, preventing the movement of $1.4 million in drained crypto. Remitano has not yet issued a statement regarding the incident.
Remitano, a cryptocurrency exchange, faced a situation where large sums of money were withdrawn under suspicious circumstances on September 14. Experts in blockchain analysis have raised concerns that this may indicate a potential hacking incident. The total amount withdrawn through these suspicious transactions is estimated to be worth around $2.7 million. Fortunately, Tether took action and froze one of the addresses used by the attacker, potentially safeguarding approximately $1.4 million of customers' cryptocurrency. At around 12:45 p.m. on September 14, funds were transferred from a known Remitano hot wallet to an address with no previous transaction history. The transferred amount included $1.4 million worth of Tether (USDT), $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 Ankr tokens valued at $2,000 at the time. Cyvers, a blockchain analytics platform, issued an alert to the crypto community about these suspicious transactions. They have reached out to Remitano to prevent any further losses, recover the suspected stolen funds, and halt any additional anomalous transactions. Tether's intervention to freeze the address prevented the attacker from cashing out the USDT, thereby safeguarding $1.4 million worth of drained crypto. Remitano has yet to release a statement regarding this incident. As more information becomes available, we will update this developing story.
Published At
9/14/2023 8:34:12 PM
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