Bitrue Hacked for $23M, Temporarily Suspends Withdrawals

Crypto exchange Bitrue announced it identified a brief exploit in one of its hot wallets on 7:18am UTC today. The attacker was able to withdraw assets worth approximately $23 million. The exchange has prevented the further exploit of funds, and is investigating the situation.

According to Bitrue, the affected hot wallet only holds less than 5% of its overall funds, and the rest of its wallets remain secure and have not been compromised. Bitrue will temporarily suspend all withdrawals to conduct additional security checks, and will reopen withdrawals on April 18th. All identified users who are affected by this incident will be compensated in full.