BlueBenx Exchange Loses $32M to Cyber Theft

– BlueBenx suspends withdrawals after hack – The platform also axed a portion of its staff – Investors are dumping high-yield investment

Crypto exchange platform BlueBenx has cut off its users' access to its platform after an attack by bad actors. According to the statement from a spokesperson, more than 22,000 users of the platform are now stuck regarding withdrawing their funds from the platform.

The company noted that the bad actors capitalized on some flaws, breached its security, and carted away funds worth $32 million in Brazilian currency. Presently, the company has failed to give a detailed account of what happened regarding the hack on the platform.

BlueBenx axes a portion of its staff

According to further details, the company is making some inward adjustments despite little explanation to its client after a fraction of its employees have been axed.

BlueBenx is now one of the few crypto firms that have failed its customers in terms of providing them with a massive yield during this dark period in the market. According to several reports, the platform promised customers rewards, rising to 66% for any investment they make in digital assets through its various earning methods on the platform.

According to a direct source in Brazil, the hack was something that could be described as aggressive after it forced BlueBenx to shut down almost all activities on the platform. Although the firm claimed that more than $30 million was lost during the attack, investors are challenging the veracity of the incident even if it did happen.

At an interview where a select member of the platform’s clients was present, most of them noted that they did not believe the news about the hack. According to a client, he feels that the whole hack is a charade that the company invented.

Read More Stories

Title 1

next story

By Agatha Android

January 16, 2020