Crypto Exchange DragonEx Hacked, Damage Still not Disclosed

Singapore-based cryptocurrency exchange DragonEx revealed that it has been attacked by hackers. The exchange made the news public on March 25 via its Telegram channel where it stated that the cyber attack happened on the day before. The announcement detailed that funds of its clients stored in the exchange were “transferred and stollen.”

“On March 24th, DragonEx has encountered attacks from hackers, our users’ crypto assets and Platform crypto assets were transferred and stollen,” the exchange noted.

Photo: Telegram

The exchange is also claiming that part of the stolen assets was already retrieved and is working to get the rest of it.

The exchange stated that it has already informed the authorities of several jurisdictions including Estonia, Thailand, Singapore, and Hong Kong and is also cooperating and working with the authorities.

“We’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what,” DragonEx stated.

The exchange has also made addresses for 20 cryptocurrencies public to which the stolen funds were transferred. The addresses indicate that a variety of digital assets including Bitcoin, Ethrer, Ripple, Litecoin, and EOS were siphoned by the hackers.

“We earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows,” a Telegram update from the exchange stated.

Will It Maintain the Transparent Approach?

The attack on DragonEx is the second attack on any crypto exchange in 2019 since a similar incident with New Zealand-based crypto exchange Cryptopia. However, unlike Cryptopia, the Singapore-based exchange has taken the responsibility for the attack which is praised by the community.

Interestingly, the attack followed a scheduled maintenance on the cryptocurrency exchange on March 24th. According to the same Telegram channel, the maintenance faced some issues which delayed the deposit and withdrawal activities from the exchange.

The views and opinions expressed in this article Crypto Exchange DragonEx Hacked, Damage Still not Disclosed do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research. In rounding off this piece Crypto Exchange DragonEx Hacked, Damage Still not Disclosed, here’re the Top prominent words: Caused To Our Users. Caused To Our Users Dragonex. Crypto Exchange. Crypto Exchange Dragonex. Crypto Exchange Dragonex Hacked. Crypto Exchange Dragonex Hacked Damage. Cryptocurrency Exchange. Dragonex Hacked. Dragonex Hacked Damage. Exchange Dragonex. Exchange Dragonex Hacked. Exchange Dragonex Hacked Damage. Loss Caused To Our Users. Telegram Channel. Transferred And Stollen.

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