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Crypto exchange Bitrue suffers $23M hack due to hot wallet exploit

Published 04/14/2023, 07:12 AM
Updated 04/14/2023, 09:00 AM

Bitrue cryptocurrency exchange has suffered a hot wallet exploit, allowing attackers to withdraw various crypto assets worth nearly $23 million.

Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet. The firm expects to reopen withdrawals on April 18, 2023, after conducting additional security checks.

Percentage of value stolen by type of victim, 2020-2022 Q1. Source: Chainalysis

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