Quant (qnt) 
U.K.-based crypto exchange Lykke has reported a cyberattack resulting in the theft of over $22 million worth of cryptocurrency from its wallet in early June.
On June 4, Lykke UK and Lykke Corp AG experienced an attack on their infrastructure. The affected systems were immediately shut down to limit further damage. The company has since thoroughly examined and addressed the security breaches.
In a June 10 post, the crypto exchange acknowledged the attack after web3 threats researcher @somaxbt disclosed the incident. The cyberattack resulted in the withdrawal of 158 BTC and 2,161 ETH from the exchange’s wallet.
On June 4, @lykke CTX got exploited and lost $19.5 million worth crypto assets but team still trying to hide this fact
Lykke assured its customers that the security breaches had been thoroughly examined and fully addressed. Although the exchange did not specify the exact cause of the hack, it reassured customers of its strong financial health, highlighting its solid capital reserves and diverse portfolio.
Clients’ funds are safe and will be recovered. The internal investigation conducted identified the IP addresses of the attacker, who stole more than $22 million of crypto assets.
As of now, the exchange has halted withdrawals and deposits as a preventive measure, with no clear timeframe for resuming operations. Lykke also mentioned on its website that the platform would remain inactive until further notice.
This incident is noted as the second-largest crypto theft in the second quarter of this year, following a $300 million hack on a Japanese Bitcoin exchange on May 31. The Japanese exchange reported the loss of over 4,500 BTC from customer wallets and pledged full reimbursement, later raising $320 million to compensate affected users.
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