Hacking a cryptocurrency trading platform and stealing half a million dollars worth
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Answer Hacking a cryptocurrency trading platform and stealing half a million dollars worth
A cryptocurrency exchange reported that it lost nearly half a million dollars in a new hack, where hackers were able to steal the amount by accessing more than 23 different digital currencies.
The Vietnamese platform VinDAX revealed the hacking process in the official Telegram group of the platform and stated that the losses approached $ 500,000.
The platform stated that it had fully recovered from this attack and did not provide more details about the method of hacking or the number of users whose accounts were affected by this attack.
It is worth noting that VinDAX is one of the emerging cryptocurrency exchanges in Vietnam and has platform Dedicated to launching new projects and subscriptions (Launchpad).
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Despite the hacking process, the platform continued to conduct subscriptions for one of the emerging projects and revealed its intention to offer more digital currencies on the platform in the coming days.
Given the data VinDAX has 390,000 visitors per month (65 percent of visitors are from India), but it seems that the platform has proven unable to protect users’ money.
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The VinDAX hack is the seventh hack of crypto exchanges in 2019, with nearly $1.39 billion in loot.
- The story of the Mt Gox hack in 2014
- CoinCheck hack story in 2018
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