DragonEx Exchange Suffers Security Breach, Amount of Crypto Stolen Still Unknown

Peter Wind reports:

Cryptocurrency exchange DragonEx says they have suffered a security breach on March 24.

“On March 24th, DragonEx has encountered attacks from hackers, our users’ crypto assets and platform crypto assets were transferred and stolen. Part of the assets were retrieved back, and we will do our best to retrive back the rest of the stolen assets.”

The company says they have notified law enforcement agencies in Hong Kong, Thailand, Singapore Estonia and other countries. In an update published on March 27, DragonEx says the  Hong Kong Cyber Security and Technology Crime Investigation Bureau is investigating the case, and thanked several crypto exchanges for providing help in trying to stop the flow of stolen funds.

Read more on CoinCodex.

CoinIdol has an update to the situation:

Over $723,585 USD in ETH & BTC have been Stolen

The administrator of DragonEx’s Telegram account Joanne Long, revealed that the team has successfully identified the stolen funds. The team also discovered that the stolen funds were wired to know Your Customer (KYC)-enabled exchanges such as Bittrex, as Joanne said.

Earlier on Tuesday, the Singaporean hacked exchange shared the wallet addresses alleged to have the stolen funds.

Of note, affected users will be compensated:

“Several Judicial administrations were informed about this cybercrime case including Estonia, Thailand, Singapore, Hong Kong etc. and 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.”

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