Cryptocurrency exchange LocalBitcoins has confirmed the recent fishing attack on the exchange via its official announcement on Reddit.
As it states, the exchange has detected "a security vulnerability," through which an unauthorized source was able to access operations from a number of affected accounts.
According to various reports, the exchange has lost almost $28,000 in bitcoins (7.95205862 BTC).
The attack happened on January 26th, 2019 at 10:00 UTC.
The official announcement notes the exchange was able to identify the problem, which was related to a feature powered by a third party software, and stop the attack.
Last year, the volume of bitcoin trading on the LocalBitcoins platform reached record highs in Argentina, Egypt, and Venezuela.
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