Cryptocurrency exchange Hotbit has announced it suffered the biggest setback since its establishment back in January 2018. According to an announcement, the exchange faced an attack around 08:00 PM UTC, April 29, 2021.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The exchange also added that bad actors tried to break into its wallets' system. However, Hotbit emphasizes the attack was identified and stopped by its risk control system.
"Hotbit team has shut down all services for inspection and restoration immediately, and the overall recovery period is expected to be no less than 7 days," the exchange added in the announcement.
The exchange added it decided to completely rebuild its servers as its user base has grown up to 2 million users. It remains unclear whether users' data have been compromised or not. As iHodl earlier reported, EXMO, a British cryptocurrency exchange, suffered a hacker attack. The exchange suffered a denial of service (DDoS) attack.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.