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Estonia exchange suspected hack: More than 60 Altcoin trading pairs frozen

Estonia exchange suspected hack

Following a sudden HTMLcoin cash out of 1.3 billion, crypto exchange users wonder over the details of an Estonia exchange suspected hack. According to Livecoins, the crypto exchange company could be covering up a massive hack with several crypto investors affected in the process.

Users report that the Estonia exchange suspected hack led to the freezing of about sixty altcoin trading pairs with the suspension of deposits and withdrawals without any information.

Despite the ensuing issues, the exchange continues to promote its site fornew listing of coins. Among the most affected instruments on Crex24 is HTMLcoin which was listed on Crex24 in January 2020 and had gatheredsubstantive following in Brazil.

1.3 Billion vanish in Estonia exchange suspected hack

Unfortunately, funds amounting to 1.3 billion has vanished abruptly in the Estonia exchange suspected hack or notorious fraud. Livecoins received claims from a Brazilian HTMLcoin investor who lost $32,000 worth of the crypto asset.

An investor suspects that other clients could have suffered the contract breach in the Estonia exchange suspected hack.

Later on, Crex24 admitted that HTMLcoin wallet had been affected and was working round the clock with the Altcoins to turn around the issue and recover losses.

Conflicting reports on the amount

Crex24 claims that the funds lost by HTML wallet amounted to 200 million but a report by Live Coins shows an HTMLcoin blockchain transaction amounting to 1.3 billion from  Crex24. The funds were transferred to HitBTC, an exchange site that supports HTMLcoin.

The report claims that in a bid to cover up the hack, Crex24 introduced more trading pairs for HTMLcoin, however, HTMLcoin team halted the move.

Livecoins reveals that investigations with HitBTC are underway to unravel the parties behind the transaction that involved the 1.3 billion HTMLcoin withdrawal.

Featured image credits: Pixabay

Martin Ngahu

Martin Ngahu

Martin is a trained statistician from Kenyatta University, Nairobi. He holds a Bachelor's degree in Statistics and Programming and currently doing his MBA. Aside from keeping track of Blockchain Innovations and latest crypto news, he loves travelling and getting together with people with disrupting ideas. He dreams of launching a startup one day.

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