ZB.com Exchange Was Hacked for $4.8 million

Exchange ZB.com was the next victim of a hacker attack with a total loss of $4.8 million. Before the hack, the exchange announced suspending withdrawals because of unexpected errors.

ZB.com, formerly CHBTC.com, is one of the oldest cryptocurrency exchanges on the market. The platform was previously based in China and was among the exchanges that had to relocate after the country banned crypto trading in 2017.

“Because some core apps crash unexpectedly, it still takes time to fix the problem. Deposit and withdrawal services are currently suspended. Customers please do not deposit crypto until everything is restored,” the exchange said.

According to blockchain security firm PeckShield, the hacker transferred 21 tokens from ZB.com’s hoy wallet to various addresses for sale, including Tether (USDT), Shiba Inu (SHIB), and Tesra (TSR). These tokens were sold on several CEX exchanges in exchange for 2,224 ETH.

 The attack occurred after ZB.com announced it was suspending deposits and withdrawals due to the “sudden failure of some core applications.” The exchange warned users not to “send any digital currency before the system recovers.”