Bilaxy exchange has been hacked, and users have been advised to stop all deposits. The hacker reportedly stole about $450 million in various cryptocurrencies.
On August 29th, Bilaxy, a Seychelles-based digital asset trading platform, announced that some of its wallets had been compromised.
While the amount stolen has yet to be confirmed by the exchange, some estimates suggest it might be approximately $450 million in various cryptocurrencies.
Today, many postings on Bilaxy’s official Telegram channel indicated that the platform has momentarily halted operations due to maintenance.
However, the exchange took to Twitter a few hours later to post a “top urgent-Bilaxy hacked notice.”
Customers were told not to send any funds to their accounts since the company’s hot wallet has been compromised.
Apart from occasional updates on Telegram stating the team is trying to remedy the problem and that users should not be concerned, the exchange has offered little to no information since then.
Bilaxy has thus far been unable to reveal the exact amount that the hackers were able to swipe. As of writing these lines, the website is still down.
Several addresses have already been linked to the breach, including this one, which has been labelled as such.
According to HogeFinance, all HOGE tokens on Bilaxy have been emptied and sent to another wallet. The value of the tokens is just around $22 million.
According to other Telegram estimates, the total money stolen from the exchange is around $400 million. Despite this, there has yet to be an official confirmation.
Another comparable situation was recently reported by CryptoPotato when the Japanese exchange Liquid Global was hacked. Around $80 million in digital assets was stolen by the attackers.