Hackers steal $9.5 million from GateHub
Another day, another cryptocurrency heist. Hackers have breached over 100 Ripple $XRP▲4.21% (XRP) Ledger wallets managed by service provider GateHub. If that wasn’t bad enough, additional reports suggest the attackers have siphoned off more than $10 million worth of XRP.
The company admitted to the security breach in a preliminary statement posted on its website.
“Recently, we have been notified by our customers and community members about funds on their XRP Ledger wallets being stolen and immediately started monitoring network activity, and conducted an extensive internal investigation,” wrote GateHub chief Enej Pungercar. Unfortunately, the company has yet to identify what caused the issue.
“We have however detected an increased amount of API calls (with valid access tokens) coming from a small number of IP addresses which might be how the perpetrator gained access to encrypted secret keys,” the company said.
“That, however, still doesn’t explain how the perpetrator was able to gain other required information needed to decrypt the secret keys.
“All access tokens were disabled on June 1st after which the suspicious API calls were stopped,” GateHub said.