EXMO has explained that the incident is still being investigated but it has identified the wallet addresses where the stolen funds were deposited. The crypto exchange has reported the theft to the relevant authorities and asked other crypto services to block all accounts connected to the attack.
In addition, EXMO has reiterated that all losses related to this incident will be refunded. While EXMO carries out a thorough security review, the exchange asks users not to deposit additional funds.
Withdrawals are also suspended list of wallets bitcoin exmo the time being. Here's our list of the best Bitcoin exchanges right now We've built a list of the best Bitcoin wallets available Check out our list of the best mining rigs out there Tough start Hot wallets refer to places where cryptocurrencies are stored but unlike cold wallets, they are connected to the internet.
While this does make it easier to facilitate transactions, hot wallets come with added security risks compared to cold wallets — a fact that gains added significance in light of incidents like the one befalling EXMO.
It only received temporary registration status with the UK Financial Conduct Authority earlier this month. Here's our list of the best cloud mining services right now.