ZB.com appears to be the latest victim in a string of recent hacks, with potential hackers reportedly draining around $4.8 million from the cryptocurrency exchange’s hot wallets.
Claiming to be the safest digital asset exchange in the world, the platform was previously headquartered in China before relocating and operating in other countries.
About $4.8M worth of cryptocurrency leaves ZB.com
Blockchain security company PeckShield report Twenty-one different cryptoassets worth over $4.7 million were moved from ZB.com’s hot wallet in a possible hack. Some of the cryptocurrencies removed from the exchange include MATIC, APE, SHIB, AAVE, USDT, USDC, CRV, and 1INCH.
Meanwhile, the report comes shortly after the cryptocurrency exchange announced a moratorium on deposits and withdrawals.According to Zb.com’s statement blog post:
“Due to the sudden failure of some core applications, it will take time to troubleshoot the problem. Deposit and withdrawal services are now suspended. Please do not deposit any digital currency until it resumes. Any changes are subject to the announcement. We are sorry for the inconvenience caused to you. Apologies and thank you for your patience!”
However, the platform has yet to confirm whether the suspension was due to a security breach in its hot wallet. Interestingly, the company claims to be the “world’s safest digital asset exchange.”
ZB.com, formerly known as CHBTC.com, was established in 2013 and is headquartered in China. After the Chinese government cracked down on cryptocurrency trading in 2017, the company ceased all operations in the country and relocated, later changing its current name. The exchange has over 10 million users.
Three hackers in three days?
The possible hack of Zb.com makes it the third incident the industry has experienced in August alone. As previously reported by CryptoPotato, the Nomad bridge suffered an attack that saw attackers extract nearly $200 million worth of cryptocurrency from the protocol’s funds.
Some of the hackers involved in the incident returned $9 million to a recovery address provided by Nomad.
The Solana network was also the victim of a multi-million dollar hack on Aug. 3, in which more than 7,700 wallets were compromised. The damage to the affected wallets is estimated to be around $8 million.
Binance Free $100 (Exclusive): Use this link to sign up and get $100 for free and a 10% fee discount for your first month on Binance Futures (Terms).
PrimeXBT Special Offer: Use this link to sign up and enter code POTATO50 to get a deposit of up to $7,000.