Cryptocurrency Exchange and Crypto Banking service provider Cashaa has been hacked and 337 BTC ware stolen from the Crypto Exchange.
The UK based Crypto Exchange Cashaa has reported that one of its BTC Wallet has been compromised and 337 BTC stolen from the exchange on Friday afternoon after an employee logged into his system and made two transfers from the company’s wallet.
Cashaa is a UK based company that offers financial ( banking ) services to Cryptocurrency businesses and exchanges, However Cashaa also runs a crypto exchange.
A malware hase been injected on the Cashaa employees computer that is used to make exchange transfers like user withdrawals, when employee logged in to exchange wallet the hacker get notified by the injected malware.
Between 1:23 PM and 1:26 PM, all the funds, around 336 BTC from Cashaa’s wallets were sent to one Bitcoin wallet – 14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek.
Cashaa added, “We are still investigating the damage caused by the incident and might suspend all deposits and withdrawals for 24 hours”.
While not commenting on the hack itself, the CEO of Cashaa blamed increase in hacking incidents on the exchanges that support trading where these hackers can deposit the funds.
“Everyone working in the crypto industry has to work very hard to bring the same level of security which currently an average person has when dealing with a bank account. As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems. Exchanges like these must be shut down and owners of these exchanges should be charged with money laundering facilitation crime.”Kumar Gaurav, CEO Cashaa
source : Coincrunch.in