{"id":280007,"date":"2020-12-22T11:27:07","date_gmt":"2020-12-22T16:27:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280007"},"modified":"2020-12-22T11:27:07","modified_gmt":"2020-12-22T16:27:07","slug":"british-crypto-exchange-exmo-loses-10-million-in-hack","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/british-crypto-exchange-exmo-loses-10-million-in-hack","title":{"rendered":"British Crypto Exchange EXMO Loses $10 Million In Hack"},"content":{"rendered":"

UK-based cryptocurrency exchange<\/a> EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.<\/p>\n

Cyberattack causes loss of funds<\/h2>\n

The exchange, which has offices in Kyiv, Moscow, and London, recently lost 5% of its assets located in hot wallets to a cyberattack. EXMO released a statement informing users of the hack, writing,<\/p>\n

\u201cWe have spotted some large withdrawals since December 21st at 2:27:02 UTC. We are still investigating the incident, but as of now, the security audit report showed that some amounts of BTC, XRP, ZEC, USDT, ETC, and ETH in EXMO\u2019s hot wallets were transferred out of the exchange.\u201d<\/p><\/blockquote>\n

\"British<\/a><\/p>\n

The platform highlighted that the assets were lost from its hot wallets and its cold wallets are completely safe. The platform suspended all withdrawals after the hack was discovered and asked its clients not to deposit fresh funds until further notice.<\/p>\n

It also asked all exchanges and services to block accounts connected to these wallets.<\/p>\n

What caused the hack?<\/h2>\n

The firm said in its statement that it is investigating the cause of the hack. According to EXMO UK\u2019s chief business development officer Maria Stankevich, they are still calculating the value of funds stolen by hackers. She also noted that if users are affected by the hack, they will be compensated via the firm\u2019s insurance fund. The Block analyst Igor Igamberdiev said that the losses could be to the tune of $10.5 million.<\/p>\n

EXMO said that the case has been reported to London Police and the firm is in touch with the Cybercrime team. It also plans on conducting a thorough security review of its entire data and systems.<\/p>\n

This is not the first high profile hack in the crypto sector in 2020. Ledger, a hardware wallet manufacturer, also got hacked. Malicious actors gained access to the company\u2019s data and leaked emails of one million users on their website.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million. Cyberattack causes loss of […]<\/a><\/div>","protected":false},"author":1730,"featured_media":280009,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5811,11830,5834],"class_list":["post-280007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-crypto-exchange","tag-exmo","tag-hack"],"acf":[],"yoast_head":"\nBritish Crypto Exchange EXMO Loses $10 Million In Hack<\/title>\n<meta name=\"description\" content=\"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British Crypto Exchange EXMO Loses $10 Million In Hack\" \/>\n<meta property=\"og:description\" content=\"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T16:27:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1896\" \/>\n\t<meta property=\"og:image:height\" content=\"1185\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sherlock Gomes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sherlockgomes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sherlock Gomes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\"},\"author\":{\"name\":\"Sherlock Gomes\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/89bac294cb2c1ff5549edfa9272567ee\"},\"headline\":\"British Crypto Exchange EXMO Loses $10 Million In Hack\",\"datePublished\":\"2020-12-22T16:27:07+00:00\",\"dateModified\":\"2020-12-22T16:27:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\"},\"wordCount\":321,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg\",\"keywords\":[\"crypto exchange\",\"EXMO\",\"hack\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\",\"name\":\"British Crypto Exchange EXMO Loses $10 Million In Hack\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg\",\"datePublished\":\"2020-12-22T16:27:07+00:00\",\"dateModified\":\"2020-12-22T16:27:07+00:00\",\"description\":\"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg\",\"width\":1896,\"height\":1185,\"caption\":\"Bitcoin Wallet British Crypto Exchange EXMO Loses $10 Million In Hack\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/89bac294cb2c1ff5549edfa9272567ee\",\"name\":\"Sherlock Gomes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/09\/viraj-shah-1-96x96.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/09\/viraj-shah-1-96x96.jpg\",\"caption\":\"Sherlock Gomes\"},\"description\":\"Sherlock Gomes loves to write and express his views on anything related to Crypto. He has been covering Crypto for more than two years now. He likes Bitcoin and Cardano. He also writes on Finance, Healthcare, and Technology among other stuff.\",\"sameAs\":[\"https:\/\/x.com\/sherlockgomes\"],\"gender\":\"male\",\"knowsAbout\":[\"Cryptocurrency\",\"Technology\"],\"jobTitle\":\"Author\",\"url\":\"https:\/\/insidebitcoins.com\/author\/sherlock\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"British Crypto Exchange EXMO Loses $10 Million In Hack","description":"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007","og_locale":"en_US","og_type":"article","og_title":"British Crypto Exchange EXMO Loses $10 Million In Hack","og_description":"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.","og_site_name":"InsideBitcoins.com","article_published_time":"2020-12-22T16:27:07+00:00","og_image":[{"width":1896,"height":1185,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg","type":"image\/jpeg"}],"author":"Sherlock Gomes","twitter_card":"summary_large_image","twitter_creator":"@sherlockgomes","twitter_misc":{"Written by":"Sherlock Gomes","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007"},"author":{"name":"Sherlock Gomes","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/89bac294cb2c1ff5549edfa9272567ee"},"headline":"British Crypto Exchange EXMO Loses $10 Million In Hack","datePublished":"2020-12-22T16:27:07+00:00","dateModified":"2020-12-22T16:27:07+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007"},"wordCount":321,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg","keywords":["crypto exchange","EXMO","hack"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007","name":"British Crypto Exchange EXMO Loses $10 Million In Hack","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg","datePublished":"2020-12-22T16:27:07+00:00","dateModified":"2020-12-22T16:27:07+00:00","description":"UK-based cryptocurrency exchange EXMO announced today that it was hacked. The exchange lost 5% of its assets valued at $10 million.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/Hack.jpg","width":1896,"height":1185,"caption":"Bitcoin Wallet British Crypto Exchange EXMO Loses $10 Million In Hack"},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/89bac294cb2c1ff5549edfa9272567ee","name":"Sherlock Gomes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/09\/viraj-shah-1-96x96.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/09\/viraj-shah-1-96x96.jpg","caption":"Sherlock Gomes"},"description":"Sherlock Gomes loves to write and express his views on anything related to Crypto. He has been covering Crypto for more than two years now. He likes Bitcoin and Cardano. He also writes on Finance, Healthcare, and Technology among other stuff.","sameAs":["https:\/\/x.com\/sherlockgomes"],"gender":"male","knowsAbout":["Cryptocurrency","Technology"],"jobTitle":"Author","url":"https:\/\/insidebitcoins.com\/author\/sherlock"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1730"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=280007"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/280009"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=280007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=280007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=280007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}