Hacker Compromises VeChain Foundation Buyback Address
Shutterstock
Main page News, Crypto Market, Cryptocurrency, Hacker Attack
Hot topic
Dec. 13, 2019
147 147

An unknown hacker has compromised the VeChain Foundation buyback address and stole 1.1 billion VET (approximately $6,3 million USD).

VeChain Announces First Cross-Continental Blockchain Solution for Food & Beverage Industry

According to the official announcement, all the funds were transferred into the 0xD802A148f38aBa4759879c33E8d04deb00cFB92b address.

"All the addresses associated with the said hacker’s address have been tagged on VeChainStats, the list is automatically updated as soon as the hacker sends any funds from the original hacker’s address," the announcement states.

The VeChain Foundation has already notified all exchanges to monitor, blacklist and freeze any funds coming from the hacker address. The foundation has also reported this incident to law enforcement in Singapore.

Earlier iHodl reported that Eset, a popular Slovak cybersecurity company, reported that a group of hackers is using YouTube to install cryptojacking malware on users' computers.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close