The U.K.-based crypto exchange Lykke recently reported a staggering loss of over $22 million following a cyberattack on its wallet. The attack occurred on June 4, leading to the theft of 158 BTC and 2,161 ETH from the exchange’s wallet. The incident was disclosed by a web3 threats researcher using the alias @somaxbt on various social media platforms.
In response to the attack, Lykke immediately shut down affected systems to limit damage. The exchange stated that the security breaches had been thoroughly examined and fully addressed. While the exact cause of the hack was not specified, Lykke reassured customers of its strong financial health, emphasizing its solid capital reserves and diverse portfolio. The exchange also confirmed that clients’ funds are safe and will be recovered.
As a preventive measure, Lykke has temporarily halted withdrawals and deposits on its platform with no clear timeline for resuming operations. The exchange’s website stated that the platform would remain inactive until further notice. This incident marks one of the largest crypto thefts in Q2 of this year, following a $300 million hack on a Japanese Bitcoin exchange at the end of May.
Overall, the recent cyberattack on Lykke highlights the ongoing security challenges faced by cryptocurrency exchanges. Despite the loss of over $22 million worth of crypto assets, the exchange remains committed to protecting its customers and ensuring the safety of their funds. It is essential for users to exercise caution when using crypto exchanges and to adhere to best security practices to safeguard their investments.
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