Remitano Crypto Exchange Experiences Large Withdrawals Under Suspicious Circumstances

Millions of Dollars Worth of Cryptocurrency Withdrawn, Potentially Hacked

Crypto exchange Remitano recently encountered a concerning situation as large withdrawals, totaling $2.7 million, were made under suspicious circumstances on September 14. Some blockchain analysts are alleging that this could be a case of hacking.

Address Frozen by Tether, Protecting Customer's Funds

During this incident, a Remitano hot wallet suddenly began transferring funds to an address with no previous history. Approximately $1.4 million worth of Tether (USDT), $208,000 worth of USD Coin (USDC) stablecoins, and 104,000 Ankr tokens (worth $2,000 at the time) were sent to the address 0x74530e81E9f4715c720b6b237f682CD0e298B66C.

Blockchain analytics platform Cyvers was quick to highlight these suspicious transactions and brought it to the attention of the crypto community.

In response to the situation, Tether took action and froze the address, preventing the attacker from cashing out the USDT. This move safeguarded $1.4 million worth of customers' crypto from being further moved or stolen.

Remitano Yet to Issue a Statement

As of now, Remitano has not released any official statement regarding the incident. It is unclear what steps the exchange will take to address the situation and protect its users' funds.

Developing Story

This is a developing story, and we will continue to update it with additional information as it becomes available.