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Cashaa.com CryptoExchange which has lost 336 Bitcoins.
This is not a good News for coinlovers. Cashaa the UK ???? based company that is providing solutions for crypto businesses also offers Crypto Exchange facilities in India that have lost 336 Bitcoins.
This news is broken by the popular Indian Crypto news provider CoinCrunch on their tweet ??.
Cashaa is using a non-custodial wallet which means they haven't control on your crypto. Which is good but How did this Hack happen?
Cashaa suspects malicious malware installed on the computer (used to Exchange transfer like withdrawal funds) which informed the hacker about their login time. And when their employee logged in and made two Transfer.
Cashaa was using Blockchain.info to store and send Bitcoin. 10th July when the employee had logged into Blockchain.info and made two transfer at 1:23 PM and 1:26 PM at the same time multiple transfers to the address 14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek and they have lost their 336 Bitcoins.
Cashaa team has filed a report on the Cyber Crime incident report with acknowledgment number 20807200031555. The report is filled
in the category of Cryptocurrency crime and subcategory Cryptocurrency fraud.
Comment image source cashaa tweet
Kumar Gaurav The CEO of Cashaa blamed the exchange that offers to trade for the stolen funds. In his words
“Everyone working in the crypto industry has to work very hard to bring the same level of security which currently an average person has when dealing with a bank account. As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems. Exchanges like these must be shut down and owners of these exchanges should be charged with money laundering facilitation crime.”
Update:- At the time of writing this article, Hacker started moving funds to different wallets. You can check out the transaction details 14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek
