Hackers may have taken $4.8 million from a crypto exchange from ZB.com

August 3, 2022

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Hackers may have taken $4.8 million from a crypto exchange from ZB.com. Blockchain researcher BexShield reported transferring approximately $4.8 million in digital currency from ZB.com.In a tweet on Wednesday, PeckShield suggested that hackers may be responsible for changing 21 types of exchange tokens, including Tether (USDT), Shiba Inu (SHIB) and Tesra (TSR), since Monday. According to BlockchainInvestigator, the fund was around $4.8 million at the time of publication.ZB.com announced Tuesday that it was suspending deposits and withdrawals in response to the “sudden malfunction of some key applications” following the alleged hack. The exchange warned users “not to deposit any cryptocurrency before redemption.

“Many cryptocurrency users have fallen victim to recent multi-million dollar hacks. In June, Harmony withdrew $100 million from Horizon Bridge, a network bridge that facilitates the transfer of tokens between the Harmony blockchain and other networks. Earlier this week, hackers removed $200 million worth of cryptocurrency from Nomad Token Bridge. Crypto Twitter users reported on Wednesday that hackers gained access to their funds using an exploit targeting the Solana (SOL) wallet. At the time of publication, the situation is still unresolved, but the Solana Status Twitter account reported that as of 5:00 AM UTC, 7,767 wallets have been affected on mobile and web browsers. “It appears that this is not a bug in Solana’s original code, but rather in the software used by many popular software wallets among online users,” Solana stated. Claiming to be “the world’s most secure digital asset exchange”, ZB.com was founded in 2013 as CHBTC.com. The company was previously headquartered in China, but in September 2017 the company ceased operations in the country after local regulators banned crypto exchanges.

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