LIVE
Strategy Sold $466M of MSTR Stock While Bitcoin Reserves Stayed FlatSBI Holdings and Solana Launch Market in JapanThailand Reportedly Audits High-Volume Tether USDT TransfersSBI Group to Launch JPYSC Lending Service With 3% Annual YieldCrypto Fear & Greed Index rises to 28 from 24 a week earlierIndian accountant crypto scam: reported $2.2 million lossTelegram Wallet Offers Tokenized SK Hynix Shares via xStocks: ReportKraken Plans Agentic Trading With AI Bots for Crypto InvestorsEmpery Digital Sells 1,400 BTC for $87.1M, Cuts Bitcoin TreasuryGarlinghouse Says SEC Nearly Forced Ripple to Shut DownStrategy Sold $466M of MSTR Stock While Bitcoin Reserves Stayed FlatSBI Holdings and Solana Launch Market in JapanThailand Reportedly Audits High-Volume Tether USDT TransfersSBI Group to Launch JPYSC Lending Service With 3% Annual YieldCrypto Fear & Greed Index rises to 28 from 24 a week earlierIndian accountant crypto scam: reported $2.2 million lossTelegram Wallet Offers Tokenized SK Hynix Shares via xStocks: ReportKraken Plans Agentic Trading With AI Bots for Crypto InvestorsEmpery Digital Sells 1,400 BTC for $87.1M, Cuts Bitcoin TreasuryGarlinghouse Says SEC Nearly Forced Ripple to Shut Down
Homepage/News/Singaporean Crypto Exchange Fell Victim to a Hack
NEWS

Singaporean Crypto Exchange Fell Victim to a Hack

BY Anca Florentis·2 MIN READ·MARCH 26, 2019

DragonEx, a crypto exchange based in Singapore has revealed that it lost in a recent hack an undisclosed amount worth of cryptocurrencies.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
1Key sections mapped in this report
6Internal references connected to related coverage
3External source domains cited in the article
2 minEstimated time to read the full report

On Monday, DragonEx stated on its official Telegram channel that on Sunday, March 24, it that the exchange fell victim to a hacking event where its users’ crypto funds were “transferred and stolen.” It has not yet been disclosed just how many funds were lost in the cyber attack.

The breach was first discovered on Sunday, and DragonEx immediately took the platform offline citing that an upgrade was made to its systems. Later on that day it stated that it was “still working on system maintenance,” before finally releasing the statement on Monday that they had been hacked.

“Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets,” read their Telegram announcement made on Monday.

Source: CoinDesk

The exchange went on to say that they have alerted several judicial administrations regarding the hack, including those from Estonia, Thailand, Singapore, and Hong Kong.

“We’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what.”– added DragonEX.

DragonEx’s Telegram admin posted today updates about the hack, providing the wallet addresses for 20 cryptocurrencies to which the stolen funds were subsequently deposited. The hacker stole some of the biggest cryptos by market cap including Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC) and EOS, as well as the Tether (USDT) which had six addresses for transferring.

“We earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows,” stated the exchange.

The admin continued in its update statement that the stolen digital funds transferred to the Huobi and gate.io exchanges during the hack have already been blocked.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: dragonex.io
  • External Source - Referenced domain: telegram.org
  • External Source - Referenced domain: gate.io
  • Byline - Reported by Anca Florentis
  • Coverage Desk - Primary editorial category: News
  • Media Asset - Featured image served from the WordPress media library