Back

Reddit Community: Bittrex May Be Hacked, Losing Over 9 mln SNT

News
Thu, 01/17/2019 - 13:03
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • A few hours ago, a redditor posted screenshots from Etherscan suggesting that the Bittrex exchange has been hacked, losing over 9 mln of Status (SNT)

Cover image via U.Today
Contents

On Thursday, January 17, redditor u/NightKnight_CZ made a post titled “Was Bittrex just hacked?” 

Screenshots that raise his suspicions show that somebody has conducted four consequential transactions from Bittrex. During three of them, an unknown party withdrew 99,999,971 Status tokens (SNT). One such amount equals $2,419,435.

The fourth transaction taken out of the exchange wallet was slightly less – 79,999,971 SNT, which is around $1,928,219.

In the screenshot, each operation has a link to the corresponding Etherscan page to prove it.

image

Redditors’ reactions

The community has taken the news with no agitation. Some assumed that these coins had simply been bought, taking into account the recent price pump of Status.

At the time of writing, SNT is showing a rise by 14.05 percent and is trading at

$0.0237.

image

Another redditor wrote that the exchange had warned earlier on Twitter that they were intending to move large amount of funds off the exchange.

image

Whether or not this is a real hacking of some user account is not clear yet. However, in the second half of 2018, there was a report on Reddit written by a user whose personal Bittrex account had been hacked via the 2-factor identification. The culprits had hacked the victim’s Google account, downloaded his photos and photos of his passport from there. After working on them in Photoshop, they managed to gain access to his Bittrex account with all the crypto.

Must Read
Reddit Users Fleeing from Some Coins And Rushing to Others- Why? - READ MORE

The first hack of 2019 confirmed

On Thursday, New Zealand police confirmed the fact that the Cryptopia exchange, which U.Today reported about the other day, had indeed been hacked. Earlier, U.Today wrote that the crypto community on Twitter suspected that the small-scale exchange merely pulled off an exit scam.

Cryptopia is still offline, of which it had warned its users on social media after the hack took place and noticed only on Monday. Before that, over the weekend, a few suspicious transactions were noticed on Etherscan, in which large amounts of crypto were taken out of Cryptopia.

The daily trading volume of the exchange was just $2 mln. As a result of the hack, the company reportedly lost ETH tokens worth between $2.5 mln and $3.5 mln, as well as Centrality (CENNZ) coins.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Recommended articles
Hackers Wire Nearly $800,000 in Bitcoin Stolen from Bitfinex in 2016

Hackers Wire Nearly $800,000 in Bitcoin Stolen from Bitfinex in 2016

Under the Breach Cybercrime Experts Say Trezor and Ledger Crypto Wallet User Databases for Sale

Under the Breach Cybercrime Experts Say Trezor and Ledger Crypto Wallet User Databases for Sale

Hackers Move $255,863 in Bitcoin from Bitfinex Hack in 2016

Hackers Move $255,863 in Bitcoin from Bitfinex Hack in 2016