A group of white hackers found that two exchanges did not protect users’ private keys, leaving their funds vulnerable. These are the Lykke exchange in Switzerland and the Hubdez exchange in China.
According to a report published by Cybernews, analysts found a breach in Lykke’s API keys, gaining access to hot wallets. They contained $ 16.5 million in cryptocurrencies. Subsequently, they discovered 80,000 private user keys. After being notified, the Lykke exchange fixed the situation.
A similar situation was identified at the Hubdex decentralized exchange. In this case, white hackers also obtained users’ personal KYC data. In total, analysts obtained the private keys of 1 million users. Hubdex also fixed the situation.
White Hackers
Fortunately, the data was discovered by white hackers, whose role is to help companies fix their security problems. Otherwise, more than $ 18 million in cryptocurrencies could have been stolen.
Last month a hacker returned the stolen crypto funds. The decentralized crypto lending platform Lendf.Me was compromised, and the hacker managed to steal 25 million dollars worth of cryptocurrencies. A week later he returned the funds.
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