THE UK-based cryptocurrency exchange Cashaa, which lost more than $3 million worth of Bitcoins to hackers, says exchanges around the globe have offered to help catch the culprit.
At the time of writing the company, based in London, had ceased all trades while it investigates the theft.
In a Tweet, a spokesman for the company said the hacker had targeted one of its Blockchain.com wallets and managed to syphon off 336 Bitcoins.
The heist, which early indications suggest took just minutes to execute, appears to have involved a piece of malware being injected into one of the exchange’s computers.
According to various reports, it appears that the hacker lives in Delhi, India, and that ‘coin mixing’ software has been used to make the stolen cryptocurrency even more untraceable.
Kumar Gaurav, Cashaa CEO, said: “We are still investigating the dame caused by the incident and suspended all withdrawals for 25 hours.
“We have called a board meeting to decide whether the company will bear all the losses.”
The address the stolen coins were routed to has been sent to exchanges around the world. Many have already agreed to support Cashaa by monitoring it and reporting any suspicious transactions.
“Everyone working in the crypto industry has to work very hard to bring the same level of security which currently a common person exercises with a bank,” Mr Gaurav continued.
“As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems.
“Exchanges like these must be shut down and owners of these exchanges should be charged with money laundering facilitation crime.
“There is no issue in our banking services: all business account are working without interruption.”
Recent posts:
- The Best Legit Faucets To Earn Free Bitcoins And Satoshi Fast In 2023
- End of An Era: CoinPot Microwallet and Bitcoin Faucets Close Down
- Man Who Threw Away $300 Million in Bitcoin Offers Huge Reward to Get It Back
- ‘Non-zero’ Crypto Addresses Surge as Institutional Investors Pile into Bitcoin
- Almost $1 billion in Bitcoin Linked to The Notorious Silk Road Website Has Just Moved
- Cuba is the New Bitcoin Hotspot as Citizens Embrace Cryptocurrency
- PayPal Embraces Bitcoin – Payment Giant to Offer Crypto Spending
- Nigeria Leads the World When it Comes to Adopting and Using Bitcoin
- Are Legions of Young People About to Pour Their Pocket Money Into Bitcoin?
- Banks Associating Bitcoin with Crime Linked to $2 Trillion in Dirty Money