🚨💸 $22 MILLION PLATFORM BREACH ON CRYPTO EXCHANGE LYKKE 💸🚨
On June 10, cryptocurrency exchange Lykke confirmed that it had fallen victim to a breach, resulting in the theft of digital assets valued at $22 million. Lykke assured users that their funds remained secure and that the affected systems were shut down to contain the damage.
📉 Lykke's Response to the Breach:
The U.K.-based cryptocurrency exchange revealed that the attack occurred on June 4. Despite the breach, Lykke insisted that clients’ funds were safe and that efforts were underway to recover the stolen assets. In a statement shared on social media, Lykke stated that the compromised systems had been deactivated to limit further damage and that the security breaches were being thoroughly investigated.
🕵♂ Accusations of Delayed Confirmation:
Lykke’s confirmation of the hack came after Web3 threats researcher Somaxbt accused the exchange of concealing the theft. Lykke acknowledged the severity of the attack but emphasized its strong financial position and the steps taken to address the situation.
🔍 Investigation and Recovery Efforts:
Lykke indicated that it had leads on the potential perpetrator and that a criminal investigation was ongoing. An external cybersecurity firm has been contracted to block and recover the stolen assets. Lykke announced that the exchange would remain closed as a preventive measure.
📊 Breakdown of Stolen Assets:
According to a report by DL News, #Bitcoin (BTC) accounted for half of the stolen digital assets, while Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) made up the remainder. After the attack, the hacker converted the stolen ETH into the stablecoin DAI, and the BTC was distributed across multiple wallets.
Do you keep any funds with Lykke? I guess it's time to shift to Binance!
Stay safe with Professor Mende!