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Crypto Exchange Bitrue Suffers $23 Million Hack

April 14, 2023


Cryptocurrency exchange Bitrue announced Friday on Twitter it has identified a “brief exploit” in one of its hot wallets. The breach led to the theft of around $23 million in a number of cryptocurrencies, including ether (ETH) and shiba inu (SHIB).

The platform’s team said it was able to prevent further transfers of funds and assured the matter is being investigated. “The affected hot wallet only holds less than 5% of our overall funds. The rest of our wallets remain secure and have not been compromised,” Bitrue pointed out.