The security precautions put in place by crypto exchanges are called into question.
Lykke CEO informed customers that the firm has taken all necessary steps to investigate.
Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector.
After the well-known web investigator SomaXBT uncovered “unauthorised access” to Lykke’s platform, the company came clean about it. Taylor Monahan, a developer of MetaMask and an expert in crypto defense, claims that this event caused $22 million in questionable withdrawals.
Investigation Underway
Curiously, the incident occurred only a few days after the exchange suspended all platform trading activity in response to first signs of illegal access. Among the cryptocurrencies highlighted by onchain data was a large amount of Bitcoin, alo
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