About $4.8M Worth of Crypto Leaves ZB.com


ZB.com appears to be the latest victim in the series of hack incidents, as the cryptocurrency exchange’s hot wallet has reportedly been drained of around $4.8 million. However, ZB.com is yet to confirm the hack.

The self-acclaimed most secure digital asset exchange in the world was formerly based in China before relocating and setting up operations in other countries.

PeckShield announced that 21 different crypto assets worth over $4.7 million were moved from ZB.com’s hot wallet in what might be a hacking attack. Part of the cryptocurrencies moved out of the exchange include MATIC, APE, SHIB, AAVE, USDT, USDC, CRV, and 1INCH.

This report came shortly after the crypto exchange announced the temporal suspension of deposits and withdrawals. According to a statement on Zb.com’s blog post:

“Due to the sudden failure of some core applications, it still takes time to troubleshoot the problem. Deposit and withdrawal services are now suspended. Please do not deposit any digital currency before recovery. Any change is subject to the announcement. We apologize for any inconvenience caused, and thank you for your patience!”

The crypto exchange whether the suspension was due to a security breach of its hot wallet. Interestingly, the company claims to be the “world’s most secure digital asset exchange.”

Zb.com’s possible hack makes it the third incident the industry has experienced in August alone.

You might also like: Nomad Cross-chain Bridge Suffers $190M Loss in Chaotic Copy-Paste Attack.

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