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Cryptocurrency, Dragonex, attacked by hackers
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Cryptocurrency, Dragonex, attacked by hackers

created Natalia Bojko27 March 2019

The Singapore cryptocurrency market, DragonEx, announced yesterday that they had been hacked. The incident, which was described by the company's authorities as an attack of hackers, led to the transfer and theft of assets not only of some users, but also of the platform itself. At present, we do not know exact data on the value of digital assets stolen. The platform itself did not provide (and is not sure it will) estimated losses.

Recovering losses

The attack took place on Sunday (24 March). The official hacking communication came out one day after the incident. Immediately after discovering the fact that the security has been violated, the stock exchange has gone offline. After entering her site a message appeared about the ongoing system maintenance process.

On Monday, the exchange issued the following statement:

"Part of the assets were recovered, we will also try to find the rest of the stolen funds. We have already notified several instances of cyber crime in several countries, including Estonia, Thailand, Singapore and Hong Kong. We help in the investigation as soon as we can. All platform services will be temporarily closed and we will announce the results of our efforts to recover losses in a week's time. "

The registered administrator has decided to take full responsibility for the recovery and possible loss coverage. Currently, their estimated size is not known yet, or DragonEx does not want to reveal it.

Protection of confidential data

In addition, there was another official message saying that customer service will never ask for sensitive data. The Exchange paid particular attention to their protection. This is mainly about passwords, verification emails, GA codes or private transfer keys. These activities were intended to raise more vigilance for any suspicious activity.

Assets were stolen from 20 addresses in Dragonex

Currently, the only information available in terms of potential losses is that hackers have stolen digital assets by transferring them to 20 addresses. They have been officially made public. The leading ones were stolen kryptowaluty (with the largest market capitalization) such as Bitcoin, Ethereum EOS, Ripple and Litecoin. Alticions of lesser popularity enjoyed the "interest" among hackers.

DragonEx calls the entire crypto industry for increased vigilance and assistance in detecting stolen assets.

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About the Author
Natalia Bojko
Graduate of the Faculty of Economics and Finance, University of Białystok. He has been actively trading on the currency and stock markets since 2016. It assumes that the simplest analyzes bring the best results. Supporter of swing trading. When selecting companies for the portfolio, he is guided by the idea of ​​investing in value. Since 2019, he has held the title of financial analyst. Currently, he is the co-CEO & Founder in the Czech proptrading company SpiceProp. Co-creator of the Podlasie Stock Exchange Academy project (XNUMXrd and XNUMXth edition).