Update on Electronic Currency Security in Taiwan: Information Leakage Incident at BitoPro

Official Announcement from BitoPro

On June 19, the Taiwanese cryptocurrency trading platform BitoPro announced the latest report on the security incident that occurred on May 9. According to the investigation results published on June 11, there was no evidence of internal organization involvement in the attack. Analysts found that the attack tactic bore some similarities to the tactics of the North Korean hacker group Lazarus, particularly in mimicking global banking systems like SWIFT and cryptocurrency exchanges.

Complex and Malicious Attack Tactics

Hackers have bypassed multiple defensive mechanisms using social engineering techniques and sophisticated malware to extract assets from the platform's hot wallet. In particular, they exploited the timing of the wallet system upgrade and conducted legitimate money transfer operations to obscure illegal activities. This tactic demonstrates the increasingly sophisticated level of attacks targeting the global cryptocurrency ecosystem.

Emergency Response and Recovery Efforts

After the incident, BitoPro immediately ordered the shutdown of the hot wallet system, changed the encryption keys, and began isolating and rebuilding the entire affected system. By June 19, the platform had updated the relevant hot wallet addresses on the Arkham blockchain tracking platform. Users can query these addresses to check balances and related activities, contributing to enhanced transparency and safety.

Previous Information and In-Depth Analysis

According to independent sources, on May 8, the BitoPro exchange was reportedly compromised, resulting in a loss of approximately $11.5 million in cryptocurrency value. This incident underscores the high level of risk in the cryptocurrency sector and the need to enhance preventive measures to maximize the protection of user assets.

Source: https://tintucbitcoin.com/bitopro-xac-nhan-nhom-hacker-lazarus-tan-cong/

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