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Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

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        Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses
Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.

Per the message from the admin, the attack occurred on March 24, 2019, and the exchange then decided to take its servers offline under the pretense of “system maintenance/upgrade.” A day after, users were notified on Telegram that the exchange had been hacked.

“Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets,” the message read. “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.”

Earlier today, the company shared the wallet addresses suspected to contain the stolen funds.

The total amount of funds stolen is still unknown. However, an analysis of the Ethereum (ETH) and Bitcoin (BTC) wallet addresses provided by the company shows balances of 1,522 ETH (worth about $202,730 USD) and 135 BTC (worth about $528,855 USD), respectively.

The full list of suspected wallet addresses provided by DragonEx includes those of popular exchanges including Bittrex, Huobi and Binance.

DragonEx has asked for assistance from other trading platforms and wallet providers within the industry as it works to recover from the hack.

“We earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows,” per the Telegram message listing the suspected wallet addresses.

At press time, DragonEx is the 32nd largest exchange in the world by 24-hour trade volumes, trading over $180 million in the last 24 hours.

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