Singapore-based Cryptocurrency Exchange Bitrue Hacked for $4.5 Million

Singapore-based trading platform Bitrue has just been breached, and an estimated $4.5 million worth of Ripple (XRP) and Cardano (ADA) have been stolen from the platform.

The breach occurred on June 27 at 1 AM GMT+8 and was detected shortly after, leading the exchange to suspend trading activity on the platform and enable maintenance mode. This will likely last between 15-18 hours, after which Bitrue is likely to either reopen trading as usual or issue a further statement about a plan of action.

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#Singapore #ScamAlert #Exchanges #Security

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