|

Breaking: EXMO gets hacked, about 5% of the total assets lost

  • Hackers drained about 5% of EXMO assets from the hot wallets.
  • The cryptocurrency exchange is investigating the incident and promises to compensate users for losses.

The cryptocurrency suspended assets withdrawal after detecting suspicious activity on its cryptocurrency wallets. The trading platform reports that about 5% of all assets are lost; however, the incident affected only hot wallets, while the cold storage remains safe and out of reach for the hackers. 
In the official statement, the exchange reported that assets in BTC, XRP, ZEC, USDT, ETC, and ETH were lost.

We are still investigating the incident, but as of now, the security audit report showed that some amounts of BTC, XRP, ZEC, USDT, ETC, and ETH in EXMO’s hot wallets were transferred out of the exchange. We reacted immediately and re-deployed hot wallets. The affected hot wallets comprise near 5% of the total assets. Let us stress that all the assets in the cold wallets are safe.

Initially, the suspicious withdrawals were detected at 03:27 GMT on December 21. The exchange claims that they immediately reacted to the incident and took the remaining assets outside the hot wallets. Also, the company promises to compensate the affected users for losses.

Most importantly, we want to assure you that if any user fund is affected by this incident, it will be entirely covered by EXMO.

Also, the internal audit allowed EXMO to identify the wallets to where the stolen funds were withdrawn. The company is working with the police and other exchanges to block the hackers' accounts.
 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.