Lykke and Hubdex exchanges kept private …

Lykke and Hubdex Stored Private Keys of $ 18M Wallets in Public Databases

Until recently, the assets of users of two cryptocurrency exchanges worth about $ 18 million could be freely withdrawn by outsiders, writes Decrypt.

As cybersecurity specialists found out, the Swiss cryptocurrency exchange Lykke kept over $ 16.5 million in hot wallets, the private keys of which were in a public database. Well-wishing hackers identified the exchange’s API keys and were able to gain access to its internal systems, where they found 80,000 private keys without any protection. Also, the “keys of the main network” were revealed, which open access to assets located in wallets for staking..

A similar vulnerability was found on the Chinese platform Hubdex, which calls itself a decentralized exchange. In her case, however, the specialists managed to gain access not only to more than a million private keys, but also to the identification information of users..

Lykke and Hubdex exchanges kept private ...

Only Lykke responded to the hacker notification, confirming the vulnerability and quickly fixing it. Despite the lack of feedback from Hubdex, analysts say that the platform has also solved the problem on its side..

Fortunately, experts managed to find vulnerabilities earlier than North Korean hackers, who are increasingly attacking cryptocurrency users in light of the worsening economic situation..

Lykke and Hubdex exchanges kept private ...

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