CoinSpot Hot Wallet Hack Highlights Crypto Security Concerns
Crypto News

CoinSpot Hot Wallet Hack Highlights Crypto Security Concerns

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7mo ago

CoinSpot: Australia's Largest Exchange Suffers Major Security Breach CoinSpot, an Australian crypto exchange was reportedly hacked for $2.4 million due to a "probable private key compromise" in one of its hot wallets. The funds were transferred to the Bitcoin network via ThorChai...

CoinSpot Hot Wallet Hack Highlights Crypto Security Concerns

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CoinSpot: Australia's Largest Exchange Suffers Major Security Breach

CoinSpot, an Australian crypto exchange was reportedly hacked for $2.4 million due to a "probable private key compromise" in one of its hot wallets. 

The funds were transferred to the Bitcoin network via ThorChain and Wan Bridge. This makes tracking the stolen funds more challenging. CoinSpot is regulated by AUSTRAC and holds an Australian Digital Currency Exchange License.
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