News

Crypto Exchange Rain Hit by $14.8 Million Exploit: ZachXBT

Published

6 months ago

on

Bahrain-based cryptocurrency exchange Rain has been the victim of a $14.8 million exploit, according to blockchain investigator ZachXBT.

The stolen funds were split into wallets containing 137.9 BTC and 1,881 ETH, both of which have been inactive since the exploit occurred on April 29.

“It appears that cryptocurrency exchange Rain was likely tapped for $14.8 million on April 29, 2024 after their BTC, ETH, SOL, and XRP wallets experienced suspicious outflows. The funds were quickly transferred to instant exchanges and traded with BTC and ETH,” ZachXBT wrote on Telegram.

The “pro” version of the exchange, which is an advanced trading platform, has reportedly been down intermittently since May 5th. Rain’s website.

To rain obtained a license to operate a virtual asset brokerage and custody service in the United Arab Emirates in 2023.

Rain did not immediately respond to CoinDesk’s request for comment.

Fuente

Related Topics:

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Trending

Exit mobile version