European Crypto Exchange Falls Victim to $1.6M Hack

Slovakia's Eterbase said early on Tuesday that hackers had managed to steal a total of $1.6 million in various cryptocurrencies.

By Paddy Baker

Updated Sep 14, 2021, 9:53 a.m. Published Sep 8, 2020, 2:09 p.m.

Bratislava, Slovakia's capital (Pudelek/Wikimedia Commons)

A small exchange in Slovakia has disclosed that hackers managed to break into its hot wallets and make off with approximately $1.6 million in various cryptocurrencies.

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Eterbase announced on its Telegram channel Tuesday that hot wallets for six of its listed cryptocurrencies had been compromised.
On Monday night, hackers stole bitcoin, ether, XRP, tezos, algorand and TRON, transferring the funds into public wallets that have since been emptied.
At current prices, the amount stolen is worth just under $1.6 million.
Eterbase shared the wallet addresses on the firm's Telegram channel, but has withheld further details until its own investigation into the attack is complete.
Based in Bratislava, Slovakia, Eterbase lists euro trading pairs against a series of conventional and DeFI-related digital assets.
It's been averaging around $3 million in daily trading volume, according to CoinGecko.
The exchange has contacted the authorities and has suspended trading and European Union bank withdrawals until Sept. 10.
CoinDesk asked Eterbase whether it would reimburse users funds affected in the hack, but received no immediate response.

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Paddy Baker

Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing. Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.