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