Crypto exchange CoinSpot was hacked / Hot and cold, with four seasons in cycle

On-chain detective ZachXBT posted on the Telegram channel that the Australian cryptocurrency exchange CoinSpot was hacked and lost about $2 million. CoinSpot’s two hot wallets are suspected to have stolen more than 1,282 ETH in 5 minutes. According to Etherscan, the attackers used Uniswap, THORchain, and WBTC smart contracts to exchange the received ETH for Wrapped BTC, USDC, and USDT. It is reported that CoinSpot was founded in 2014. So far, there have been no reports of large-scale hacking of the exchange. (PANews report)

The hot wallet of the exchange has been attacked many times, that’s why there are multiple statements — please store your assets in different hot and cold wallets, frequent transactions can be placed in the exchange wallet, and the rest can be placed in hot wallets such as MetaMask and cold wallets such as Ledger can be used interactively. This time, ETH will be exchanged for WBTC/USDC/USDT, guess how the Australian prosecutor and investigation unit will track the flow of black money, will it cooperate with the white hat of crypto audit? Trace the flow of all decentralized platforms? The actual IP is abroad and cannot be reviewed due to different laws and regulations in various countries? Comxper asks in the end~~ (SDChain report)

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