Bisq DEX Suffers Hacker Attack
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April 8, 2020

Decentralized cryptocurrency exchange Bisq has suffered a hacker attack through the critical security vulnerability, the exchange said.

The exchange said it discovered that an attacker was able to exploit a flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital.

"We are aware of approximately 3 BTC and 4000 XMR stolen from 7 different victims. This is the situation as we know it so far. The only market affected was the XMR/BTC market, and all affected trades occured over the past 12 days," the exchange said in an official statement.

Bisq said in the statement that the attack was the result of a flaw in the way Bisq trades are carried out, not in the way funds are stored.

In order to repay the seven victims from future trading revenues, the exchange will create a proposal in Bisq’s funding mechanism called Bisq DAO.

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Previously iHodl reported that XDEX, a popular Brazilian crypto exchange owned by XP Investimentos, the largest stockbroker in Latin America, ceased its operations as regulatory advances reduced the opportunities found at the beginning of the project.

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