Changelly Puts Stolen Funds Of $76,000 In XRP And $480,000 In EOS On Hold From Bithumb Hack
Changelly Hacks $76K In XRP And $480K In EOS Stolen From Bithumb
For the second time in the previous year, Bithumb (a cryptocurrency exchange) has been hacked. According to several journalist reports, $20 million XRP and $13 million in EOS is said to be in the circulation currently. As a number of the hawk-eyed devotees could unearth it since a certain amount of the money that was stolen has been transferred to Changelly service.
Working with Bithumb and other prominent crypto exchanges, Changelly succeeded in determining a segment of the compromised money in fifty-two transactions amounts to a total of 114 000 EOS equivalent to $479 000 and eight transactions adding up to a total of 234 000 XRP (76000 US dollars). They have all been held back until the situation goes back to normal, with the wallet addresses involved in the suspicious moves blacklisted.
According to Sophia Lee (Changelly CMO), Changelly is exceedingly concerned with the security of users as well as a healthy crypto environment. She said that they are equipped with the risk scoring technique, which spots any peculiar transaction. Therefore, they are fit to spot fraudulent activities and scammers instantly. “We will be communicating any information as we receive it. Our security body stays on guard, ready to act accordingly to ensure justice.” She added.
Changelly is an instant cryptocurrency exchange, which is non-custodial. This means that the users’ funds are not kept with the exchange service. Changelly plays a role as a linkup between users and the crypto exchanges offering access to more than 140 cryptocurrencies. The mission of the company is to ensure that the exchange process is secure and effortless for all individuals who want to take a stake in cryptocurrency. The program and its mobile application lure more than one million users every month who relish fast transaction, high limits and round the clock live support.
Changelly provides a customizable remittance widget and its API to any crypto service that desires to execute new options of exchange and expand its audience. Quite a number of crypto businesses is already using Changelly API that spirits their actionality with the immediate swap features. It partners with Trezor, Enjin, Ledger, HuobiWallet, MyEtherWallet, Binance, Exodus, BRD, Coinomi, Edge, Freewallet as well as many other renown crypto players.