Bitopro confirms Hack over $ 11.5 million from old hot wallets - users continue to withdraw money despite losses

Bitopro confirms Hack over $ 11.5 million from old hot wallets - users continue to withdraw money despite losses
Bitopro confirms $ 11.5 million hack from old hot wallets
The Taiwanese cryptocurrency exchange Bitopro has announced a security incident in which an amount of $ 11.5 million was stolen from outdated hot wallets. Despite these significant losses, users can continue to withdraw their credit.
The affected stock exchange took measures to increase the safety of your platform and prevent further attacks. The circumstances of the hack are currently being examined and Bitofro is working on informing all affected customers about the situation.
The events related to the hack illustrate the risks associated with the use of hot wallets. Hot wallets are crypto address systems that are connected online and are therefore more susceptible to hacks. In contrast, cold wallets that are saved offline offer a safer way to manage digital assets.
Despite the incident, the stock exchange shows willingness to compromise by enabling users to continue to withdraw without restrictions. This could maintain trust in Bitopro while the security measures are implemented.
It remains to be seen how the situation will develop and whether Bitofro can get the lost sum back. Users should be aware of minimizing risks related to cryptocurrencies and taking suitable safety precautions to protect their digital assets.