Hackers stole $ 10 million in XRP from GateHub wallets

XRP Stolen! Over 21 Million Xrp Taken, 6k Wallets Hacked on GateHub!!

Hackers stole $ 10 million in XRP from GateHub wallets

The administration of the GateHub cryptocurrency storage service reported cases of hacking of user accounts and theft of 23.2 million XRP from wallets.

On June 1, representatives of the community received information about the loss of 201 thousand coins. Initially, the company did not identify any signs of a platform malfunction, but upon further investigation into the circumstances of the transfer of funds, researchers found an increase in the number of API calls originating from 12 IP addresses. Analysts speculate hackers may have used this to gain access to encrypted private keys.

According to the researchers, so far all identified cases of hacking and theft are associated with Ripple wallets managed by GateHub. In this case, the stolen funds were transferred to one account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k). So far, it is known about the facts of hacking about 100 wallets and the loss of 23.2 million XRP for $ 9.7 million at the current exchange rate, of which 13.1 million coins have already been laundered through exchanges and mixing services.

As soon as the problem was discovered, GateHub blocked the access points, after which the suspicious API calls stopped. There were no signs of finning, coercion or attempts to select combinations.

The company works with law enforcement and third-party experts to track down criminals. The investigation is still underway, so details were not disclosed.

Along with the popularity of cryptocurrencies, the interest of fraudsters in it is also increasing.. According to research analytical company CipherTrace, in the first quarter of 2019, only the losses of crypto exchanges from hacking and fraud amounted to $ 1.2 billion. At the same time, cybercriminals are increasingly targeting not servers, but the addresses of individual clients services, therefore users also need to know about new hacker techniques.

text: Ivan Malichenko, photo: Shutterstock