$2.7 Million Stolen in Remitano Crypto Exchange Hack


Recently, some suspicious activities were reported on Remitano, a cryptocurrency exchange platform. On September 14, a Remitano hot wallet initiated transfers of approximately $1.4 million worth of Tether (USDT), $208,000 worth of USD Coin (USDC) stablecoins, and 104,000 Ankr tokens, valued at $2,000 at that time, to an address lacking any prior transaction history. This amounted to a total loss of $2.7 million across 3 chains.

Cyvers, a blockchain company, issued warnings about the suspicious transactions. In response, Tether has frozen an address believed to be associated with the attacker, potentially safeguarding $1.4 million in customers’ cryptocurrency assets.

Hacking attacks in the crypto sector are becoming increasingly sophisticated, prompting companies to modernize their cybersecurity systems. According to Nikesh Arora, the CEO of Palo Alto Networks, companies should stay one step ahead of hackers in order to protect their assets.

It is important to note that Remitano has yet to provide an official statement regarding the incident.

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