Bitrue suspends withdrawals temporarily after brief exploit in hot wallet affects less than 5% of overall funds

Bitrue, a cryptocurrency exchange platform, has announced that it has identified a brief exploit in one of its hot wallets on April 14th, 2023 at 07:18 UTC. The company was able to quickly address the matter and prevent further exploitation of funds. Bitrue has stated that it takes the matter seriously and is currently investigating the situation.

According to the announcement on Bitrue’s Twitter account, the attackers were able to withdraw assets worth approximately 23M USD in ETH, QNT, GALA, SHIB, HOT, and MATIC. However, the affected hot wallet only holds less than 5% of the platform’s overall funds. The rest of the wallets remain secure and have not been compromised.

As a precautionary measure, Bitrue will temporarily suspend all withdrawals and reopen withdrawals on April 18th, 2023. The company has asked for its users’ understanding and patience at this time. Additionally, all identified users who are affected by this incident will be compensated in full.

Bitrue has emphasized its commitment to maintaining transparency throughout the process and thanked its users for their continued support. The company’s swift action to prevent further exploitation of funds is a testament to its dedication to the security of its users’ assets.

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