ZB.com Loses $5M One Day After Halting Withdrawals

Cryptocurrency exchange ZB.com has allegedly lost nearly $5 million in a what’s believed to be a hack.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Onchain researchers at PeckShield reported in a tweet that the exchange’s hot wallets transferred $4.8 million in various altcoins, including tether (USDT), polygon (MATIC) and apecoin (APE) to external wallets and later sold through decentralized exchanges. At the time of writing, ZB.com hasn’t made any officially statement regarding the matter.

BitMart Says $150M Hack Was Carried Out With Stolen Private Key

The hack appears just a day after ZB.com halted deposits and withdrawals due to the “sudden failure of some core applications.” The exchange declined to elaborate about the nature of the issue, but noted in a blog post that it would take time to “troubleshoot the problem.”

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Source