Gate.io Hacked for $230M in April 2018 Without Disclosure, Says ZachXBT

On-chain sleuth ZachXBT said on Twitter that crypto exchange Gate.io was hacked by North Korean hackers for around $230m on April 21st, 2018, and hid the fact from customers and the public.

Following the report, Lookonchain said that the first transaction of Gate.io's hot wallet was also on April 21, 2018. In addition, Lookonchain analyzed Gate.io's 4 wallets on Ethereum and found the exchange only has $479M in assets, including 71m $GT and 3.1t $SHIB. $ETH (53,930) and $USDT (32m) holdings only count for 21% of the total assets.

Source

Exchanges

Security Incidents

In This Article

Related News
MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Extends DEX+ Platform to Binance Smart Chain Users
MEXC Partners With Hacken to Increase Security Standards MEXC Partners With Hacken to Increase Security Standards
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Latest News More More
3 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open