Singapore-based crypto exchange Bitrue hacked, 9.3m XRP and 2.5m ADA stolen

Mt. Gox trustee granted another delay for distribution plan for victims

Singapore-based cryptocurrency exchange Bitrue announced on its Twitter profile that it has been hacked for around 9.3 million XRP ($4.1 million) in user assets.

Hackers were able to access the Bitrue hot wallet and also moved 2.5 million cardano (ADA), worth $231,800 to different exchanges. The breach was identified at around 1 a.m. local time Thursday.

The exchange reassured users that all their funds are insured and anyone who lost cryptocurrency would be refunded.

Bitrue is working with the Huobi, Bittrex and ChangeNOW exchanges and says they have frozen funds and accounts associated with the hack:

Earlier this year, Bitrue reported that it has been affected by a 51% attack on the ether classic crypto in which a hacker had tried to withdraw 13,000 ETC. The attempted theft, however, had been stopped by its system.

Might as well want to check LeapRate’s Crypto Crime Update article, published earlier today.

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