Hackers have stolen over $4.5 million worth of crypto from Bitrue, a Singapore-based exchange.The attackers stole 9.3 million Ripple (XRP) coins and 2.5 million Cardano (ADA) coins, worth $4.25 million and $225,000, respectively.
The exchange’s website is still down at the time of writing, but the company said it anticipates that it will resume trading “within a few hours,” according to an update posted on the same social media channels minutes before this article’s publication.
Bitrue said in its statement: “Please let us assure you that this situation is under control, 100% of lost funds will be returned to users. We have also contacted the relevant authorities in Singapore to assist us in tracking down the culprit and retrieving the stolen funds.”
As a reminder, this hack is the exchange’s second security incident this year. In January, Bitrue admins also acknowledged to falling victim to a 51% attack during which an attacker exfiltrated over 13,000 Ethereum Classic (ETC) coins worth over $100,000 from the platform’s accounts.