Bilaxy exchange suspends website after ERC-20 hot wallet hack

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Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Aug 28.
Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet.Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6 p.m. and 7 p.m. UTC, resulting in the transfer of 295 different ERC-20 tokens.According to the exchange, the affected tokens were transferred by the hacker to a single address. At the time of writing, the tokens are valued at $170,600, with the most recent transaction sending out 50 Ether (ETH), or about $159,000, on Aug. 30.Shortly after detecting abnormal hot wallet transactions, Bilaxy suspended its website to take emergency measures and move “hundreds of tokens” from its hot wallet to cold wallets in order to secure

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Źródło: https://cointelegraph.com/news/bilaxy-exchange-suspends-website-after-erc-20-hot-wallet-hack

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