Hackers break into the Coinrail exchange, taking around US $ 40 million in cryptocurrencies

in bitcoin •  6 years ago 

The exchange of cryptocurrencies located in South Korea Coinrail, reported on Sunday that its platform had been hacked, while third sources suggest that in the attack the company may have been stripped of a volume of cryptocurrencies for an amount close to US $ 40 million .

As reported on its website, the exchange was forced to suspend its operations after having suffered a "cybernetic intrusion," as they have called themselves, which resulted in the theft of a considerable amount of ERC-20 tokens from the platform.

In the note, Coinrail mentioned only some of the files stolen in the intrusion: the NPXS token from the Pundi X project, NPER from the NPER project and ATC from Aston. The company did not give details about the exact amounts stolen by the hackers.

A publication by Pundi X on his blog on Sunday indicates that the authors could have taken 1,927 ETH coins, 93 million ATX, 831 million DENT and 2,600 million NPXS. Significant amounts of six additional tokens also remained in the hands of the attackers. The stolen total would amount to almost US $ 40 million if it is calculated based on the prices of the crypts in force at the time of the hack.

As reported in the blog, the same Sunday after what happened Coinrail would alert the Pundi X project on an Ethereum address, now labeled "Fake_Phishing1432", which Coinrail believes could be connected to the hackers.

Data provided by Etherscan.io show that the address attempted to carry out a transaction for some 26 million NPXS tokens in the IDEX decentralized exchange, moments after it received 2,600 million of those coins from another address, later identified as "Fake_Phishing1431", which It is estimated that it is also a suspicious account.

Coinrail and Pundi X reported that IDEX froze the coins sent from the address Fake_Phishing1432, preventing the liquidation of the NPXS tokens.

The transactions registered by the address Fake_Phishing1431 show that in addition to receiving the ETH, DENT, ATX and NPSX tokens, chips belonging to projects such as Kyber Network, Tron, Jibrel Network and Storm were also deposited in the account.

The decentralized exchange of EtherDelta cryptocurrencies seems to have been another of the hiding places used for the stolen cards, according to data provided by Etherscan.io.

On its website, Coinrail said that 70 percent of its reserves are safe, after having been transferred to cold storage inaccessible from the Internet.

The company said that two thirds of the remaining 30 percent of the stolen tokens remain frozen at the current time. The fate of the final third is being investigated by a mixed team, involving detectives, police, exchanges and programmers.

Although Coinrail does not handle a significant volume in the cryptocurrency market, ranking below 95th in the list of CoinMarketCap by daily volume (average US $ 2.4 million) the news about the attack on its platform may have been an effect on the downturn experienced by the global market of crypts recorded on June 10.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
DENTDent0.006$-9.59%-33.17%
ETHEthereum473.770$-10.05%-21.58%
JNTJibrel Network0.217$-17.71%-36.25%
KNCKyber Network0.958$-12.22%-32.4%
STORMStorm0.021$-11.34%-34.55%