• Users Are Warned Not to Deposit on the Bilaxy Exchange Because It Has Been Hacked

  • The number of cryptocurrency exchanges that have been hacked continues to rise, with the most recent being Bilaxy.

    On August 29th, Bilaxy, a Seychelles-based digital asset trading platform, claimed that some of its wallets had been hijacked. While the exchange has yet to confirm the amount stolen, some estimates place it at about $450 million in various cryptocurrencies.

    Today’s postings on Bilaxy’s official Telegram channel indicated that the platform’s services had been momentarily halted due to maintenance.

    However, a few hours later, the exchange took to Twitter to post a “top urgent-Bilaxy hacked notification.”

    It states that the company’s hot wallet has been compromised and advises consumers not to send any payments to their accounts.

    Since then, the exchange has released little to no information, save from brief updates on Telegram stating that the team is trying to remedy the issue and that users should not be concerned.

    Bilaxy has yet to give the exact amount that the hackers were able to swipe. As of this writing, the website is still inaccessible.

    Several addresses have already been linked to the breach, including this one, which has been labeled as such.

    According to HogeFinance, all HOGE tokens saved on Bilaxy have already been drained and transferred to another wallet. Those tokens are worth just around $22 million.

    Other Telegram estimates place the total amount taken from the exchange as north of $400 million. Nonetheless, there has been no formal confirmation of this.

    We recently reported another similar event in which the Japanese exchange Liquid Global was hacked. The culprits stole around $80 million in digital assets.

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