Crypto
Exchange Coinhako in Lockdown over ‘Sophisticated Attack’
Coinhako, a Tim Draper-backed
cryptocurrency exchange, has locked withdrawals after being hit by a
“sophisticated attack.” While initially the firm claimed the move was for
“network maintenance,” it soon admitted it was attacked and was trying to
prevent “unauthorized transactions.”
On the trading platform’s
Telegram channel, a spokesperson said:
"We have detected a sophisticated and
coordinated attack on specific Coinhako accounts, and have disabled the send
function as a preventive measure.”
It’s unclear whether any
cryptoassets were stolen or how many users were affected by the attack,
although CoinDesk reports an estimated 20 Coinhacko users are believed to
have been directly affected. Per the spokesperson, the attack didn’t breach
the platform’s wallets and users’ private keys were not affected.
Speaking to the publication
Coinhako’s CEO Yusho Liu revealed the lockdown would remain as a “kay
countermeasure against unauthorized transaction outflows” and added those
affected have been fully reimbursed.
