7th hack in a year: Bitcoin exchanges lost $105 million

by in Cryptocurrency News

bitcoin exchanges hack

Hackers hacked the Vietnamese VinDAX exchange, losses amounted to $500 thousand. Funds in 23 digital assets were withdrawn from the site, reports The Block.

Related: Binance denies rumours about a police raid in their office

Hacking and the amount of damage was confirmed by the administrator of the Telegram channel of the exchange. According to him, the incident occurred three days ago.

The Vietnamese exchange is mainly engaged in the sale of tokens of little-known projects through its IEO platform Launchpad. Currently, it hosts the token sale of the MyFie blockchain project.

VinDAX was already the seventh hacked crypto exchange this year, and the combined damage from the attacks exceeded $105 million.

In January, hackers hacked New Zealand’s Cryptopia site for $3.5 million. In March, Singapore DragonEx ($6 million) and South Korean Bithumb ($19 million) suffered from cyber-attacks.

The May hack of Binance cost the Bitcoin exchange at 7,000 BTC ($40.5 million). This was followed by successful hacker attacks on Singapore's Bitrue ($4.3 million) and Japanese BitPoint ($32 million).

The total damage from hacking crypto exchanges for the whole time reached $1.39 billion.