2024

SaitaChain Coin

Security

Coin

SaitaChain Coin (STC) announced a security breach on their Xbridge cross-chain platform today. The company identified unauthorized activity and confirmed a hack on the network. 
SaitaChain posted in the X, saying, “This statement is issued to inform you that just a few moments ago, our cross-chain platform- Xbridge has experienced a security breach. There has been a hack on the Xbridge network. “ 
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 Important notice to the SaitaChain community 🚨 <a href="https://t.co/pQKLmAkh89" target="_blank" data-wpel-link="external">pic.twitter.com/pQKLmAkh89</a>— SaitaChain (@SaitaChainCoin) <a href="https://twitter.com/SaitaChainCoin/status/1783105687171834095?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 24, 2024</a>
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The company added that its technical staff has verified the activity and their best team members are looking into the situation to minimize the impact. 
In reaction to this event, SaitaChain would like to continue working with prestigious Centralized Exchanges to help them stop any transfers or transactions coming from the hacker’s wallet. The company has also mentioned the hacker’s wallet address which is starting from ‘0x0cFC28d..’ 
The firm reassures users that the platform, its essential functions, and its operations continue unabated despite the nature of this setback. Every user can continue transacting as usual with the knowledge that their assets are secure.&nbsp; 
Lastly, SaitaChain expresses regret for any disruption that users may have experienced and thanks them for their support and patience while they work through this difficult circumstance.&nbsp; 
Also Read: <a href="https://www.cryptotimes.io/2024/01/16/saitachain-enables-easy-inr-transactions-with-payonramp/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">SaitaChain Enables Easy INR Transactions with PayOnRamp</a>

SaitaChain’s Xbridge Experienced a Security Breach

The Crypto Times

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