Hacker steals 336 BTC from UK-based crypto platform Cashaa

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A hacker stole 336 BTC from a London-based crypto company Cashaa. 336 BTC currently has a value of almost 2.8 million euros (3.1 million dollars). Thanks to good cooperation between various platforms in the crypto scene, it was possible to pinpoint that the criminal was from India. A lot of other exchanges refused to accept the stolen Bitcoins.

Cashaa hack

Hackers were able to attack British cryptocurrency exchange Cashaa, stealing more than 336 BTC from its wallet. Immediately after the hack, Cashaa stopped all activities on the platform to investigate the hack. Other exchanges were also informed of this incident.

There is no issue in our of banking services all Business accounts are working without any interruption.

However, we have stopped all the crypto transactions.

An emergency board meeting is being held to decide our further actions.

We regret the inconvenience caused. ?

— Cashaa (@yourCashaa) July 11, 2020

According to the company, malware was installed on the computer used for transactions on the exchange. The moment a Cashaa employee tried to log into the account, the hacker received a notification via this malware and was able to send the Bitcoin from the Cashaa hot wallet to his own wallet. With just two transactions, he was able to steal 336 BTC from the exchange wallets.

Casha CEO, Mr. Kumar Gaurav explained that the hack took place on one of the wallets the company used to store Bitcoin. The crime has been reported by the company to the Delhi crime agency as it quickly became clear that the hacker was in India.

All top exchanges and our partners have joined together to give out a strong message to hackers that cashing out hacked #bitcoin is not going to be easy. Thanks to @NischalShetty @CoinDCX @bitbns @binance @WazirXIndia for the quick action. https://t.co/ZeXcv0esEW

— Cashaa (@yourCashaa) July 11, 2020

Cashaa tries to ensure that the hacker fails to sell Bitcoin using a crypto exchange or broker. A good example of how collaboration between the different platforms can lead to the crypto world losing its reputation for hacks and cyber crime.