Hacked Cryptocurrency Exchange EtherDelta Has Suspended Service

The world of cryptocurrency is a volatile wild west land of opportunity... and potential loss.


Another cryptocurrency has been hacked

This time the attack victim is EtherDelta, an exchange for buying cryptocurrencies. The exchange has suspended its service amidst this hack.

EtherDelta is particularly notable for its selection of alt coins (from ICOs, Initial Coin Offerings) which are often listed on its site before they hit other, more prominent exchanges. The company said it has “reason to believe” that intruders compromised its server.

EtherDelta has trading volume of around $11 million per day, according to figures from Coinmarketcap.com. The metric, which is just one data for assessing exchanges, would rank it inside the world’s top 75 trading sites, according to the website.

 

 

This news comes after the closure of Korean exchange Youbit, which announced it is filing for bankruptcy after being hacked twice this year, reportedly by North Korean attackers. Europe-based NiceHash said it lost tens of millions of dollars from an attack last week. Tether, a startup that works with exchanges, said it lost $31 million last month.

Stay safe out there traders.

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Digital Hype Staff
DHN-TV™ is a new pop culture media outlet & entertainment news site and late-night celeb interview series. We are the #DHNTV staff.

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Hacked Cryptocurrency Exchange EtherDelta Has Suspended Service

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