DragonEx crypto exchange hacked

Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Singaporean exchange DragonEx has been hacked, and an as-yet-unknown amount of assets have been stolen, CoinDesk writes. Upon the discovery of the breach on March 24, DragonEx took the platform offline to carry out “system upgrades” and announced a day later the breach had taken place. In the attack, hackers absconded with both users’ and the platform’s assets, although the exchange has not yet provided concrete numbers.

According to a message posted on Telegram, DragonEx has retrieved some of the assets and is working on recovering the rest. The exchange has informed judicial administration from Estonia, Thailand, Singapore and Hong Kong regarding the cyber attack and is helping the police with the investigation.

The platform has suspended services for a week. Regardless of how the asset recovery goes, “For the loss caused to our users, DragonEx will take the responsibility no matter what,” the exchange wrote.

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on