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On Wednesday (August 3), blockchain security firm PeckShield reported that around $4.8 million has been transferred out of crypto exchange ZB‘s hot wallets.
On its website, ZB calls itself the world’s most secure crypto exchange, as you can see from the screenshot below (taken at 6:27 p.m. UTC on August 3):
Here is some information about the ZB exchange:
“Founded in early 2013, CHBTC.com has been a reliable digital asset trading platform. Due to Chinese Regulatory compliance,CHBTC had ceased all trading activity on 30th September, 2017. CHBTC dismissed the Chinese operation team and let the overseas operation team take over. Since then, CHBTC changed its name to ZB.com and focus on international operation.
“ZB has offices in Dubai, Malaysia, Singapore, Australia, Russia, South Korea, Hong Kong, Switzerland and the United States. ZB platform uses multiple technical security protections to build a professional financial-level digital asset trading network.“
Earlier today, PeckShield provided a detailed breakdown of the tokens that had allegedly been transferred out of the ZB exchange:
The total funds being transferred out from @ZBexchange are ~$4.8M and here is the detailed breakdown of tokens: https://t.co/uMpkvxtOAo pic.twitter.com/xo373Zyge1
— PeckShield Inc. (@peckshield) August 3, 2022
Around 8:25 a.m. UTC on Tuesday (August 2), ZB announced that it had “temporarily” suspended deposits and withdrawals due to the “sudden failure of some core applications.”
ZB users,
Due to the sudden failure of some core applications, we’re currently responding to these issues.
To keep your assets secured, we have temporarily suspended Deposit and Withdrawal services while we resolve the issue.
We will provide an update once completed.
Thank you
— ZBExchange (@ZBexchange) August 2, 2022
Announcement on temporary maintenance, suspension of currency recharge and coin withdrawal serviceshttps://t.co/Igtb9wQ8NV
— ZBExchange (@ZBexchange) August 2, 2022
ZB also posted the following announcement to its website at that time:
Featured Image by “B_A” via Pixabay.com
