European crypto exchange ETERBASE hacked, lost more than $5 million from its 'hot' wallets

Little-known European crypto exchange ETERBASE suffered a hack Monday night and lost several cryptocurrencies from its “hot” wallets.

Announcing the news on Tuesday, ETERBASE said six of its addresses, tied to bitcoin (BTC), ether (ETH)/ ERC-20 tokens, XRP, Tron (TRX), Tezos (XTZ), and Algorand (ALGO), have been compromised. The exchange did not reveal the amount lost during the hack, but it is more than $5 million, according to The Block Research.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Source: ETERBASE, The Block Research

The ETH/ ERC-20 tokens address lost the most funds, around $3.9 million, followed by the XTZ address, losing about $471,000.

ETERBASE said it has contacted “all centralized exchanges that might be receiving these illicit funds.” In the meantime, the exchange is in maintenance mode.

After the publication of this story, ETERBASE told The Block that it has reported the hack to law enforcement. "We want to assure our clients that we are taking all necessary steps to ensure that the amount of their deposit does not suffer any damage as a result of a hacker attack."

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.