According to Foresight News, Singapore-based cryptocurrency company BIGG Digital Assets reported that its subsidiary, Netcoins, experienced a cyber attack on September 17. The internal control system detected suspicious activity in Netcoins' hot wallet and prevented attempts to withdraw cryptocurrency beyond the preset limit. Staff were immediately notified, and an internal investigation confirmed that a malicious actor had accessed the Netcoins network. The company has since taken measures to remove the unauthorized user and strengthen the security of its network.
The vulnerability has been resolved, and no customer funds or crypto assets were damaged. Netcoins is currently working with third-party cybersecurity experts to conduct a forensic investigation into the cause and scope of the incident and has notified law enforcement authorities.