A European crypto exchange was hacked, hackers stole many cryptocurrencies

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ETERBASE, a European-based cryptocurrency exchange, was attacked by hackers last night and took away a significant amount of cryptocurrency.

According to a recent announcement, ETERBASE said their hot wallet has been compromised by hackers and stolen many cryptocurrencies.

“Taking advantage of the security breach, hackers accessed our hot wallet last night, many cryptocurrencies were stolen from the wallet. We apologize for this issue and expect investors to wait patiently when we resolve it, ”said ETERBASE representative.

Although ETERBASE did not disclose the specific amount lost in the hack, according to estimates by The Block Research, the amount of the damage is definitely not less than 5 million USD.

ETH / ERC-20 lost the most money, about 3.9 million USD, followed by XTZ wallet, which lost about 471,000 USD ...

ETERBASE said it reached out to "all centralized exchanges to coordinate the investigation and stop the cryptocurrency from circulating."

During this time, ETERBASE suspended all transactions and maintained the system again.

In addition, ETERBASE also reported the incident to the authorities and asked for assistance:

"We want to tell our customers that we are taking all the necessary steps to ensure that their deposits will not suffer any loss."

Hot wallet always has to be connected to the Internet, so if compared to a cold wallet, it is very vulnerable to hacker attacks, so if you do not transact regularly, it is best to store it in a cold wallet for safety.

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