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There is circulating news of a hacking of a cryptocurrency exchange

Posted on November 1, 2022 by admin

There is circulating news of a hacking of a cryptocurrency exchange

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Answer There is circulating news of a hacking of a cryptocurrency exchange

After reports emerged that cryptocurrency platform HTMLcoin has spent $1.3 billion.

Many analysts have questioned the possibility that the platform was hacked.

According to Livecoins, the trading platform “HTMLcoin” covered up the hack, and caused many investors to lose their money.

Users reported that the Estonian trading platform “HTMLcoin” has frozen about sixty pairs of cryptocurrencies, with deposits and withdrawals suspended.

Without giving any details about the case.

Despite the problems plaguing the HTMLcoin platform, it continues to promote its site and promises to get new cryptocurrencies preparing for its inclusion in the future.

$1.3 billion vanishes in the “HTMLcoin” platform:

Funds totaling $1.3 billion suddenly vanished from the suspected hack or fraud Estonian trading platform and smoothed it over from the start.

Read:The Bitcoin network is now more vulnerable to attack than ever… Find out why

According to source There are claims from users of the HTMLcoin platform, including a Brazilian user who lost $32,000 in value and could not withdraw it.

This user says that other customers may have experienced the same with this infamous platform.

Later, HTMLcoin admitted that it had been affected by technical issues and that it was working around the clock with alternative crypto teams to resolve the issue and recover the losses.

Conflicting reports about the missing amount:

According to some sources, the amount lost by the HTML wallet amounted to $200 million, but a report by LiveCoins shows that the HTMLcoin blockchain transactions have lost as much as 1.3 billion from Crex24.

The funds were transferred to HitBTC, an exchange platform that supports HTMLcoin.

The report claims that in an attempt to cover up the hack, Crex24 introduced more trading pairs for HTMLcoin, however the HTMLcoin team halted the move.

Livecoins reveals that investigations with HitBTC are underway to uncover the parties behind the deal, which included the withdrawal of 1.3 billion HTMLcoin.

Read:Binance launches first DeFi project on its mobile platform

Read also:

“Phone calls” … a scam that cost the cryptocurrency community in losses of 100 million dollars

If you intend to buy bitcoin soon… beware of this fraudulent platform


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