Popular cryptocurrency wallet GateHub has been found to be breached. It is reported that the attackers made off with 23 million Ripple coins (XRP) belonging to GateHub users from this breach. The actors are believed to have used a number of methods which include phishing, account hacks and repeating ‘nonces’.
The big picture
Silkjær detailed the breach on a Medium blog. He mentions that the breach was noticed on June 1 when a transaction of 201,000 XRP occurred between two wallets. He also states that the attackers associated with this transaction had stolen XRP from other accounts managed on GateHub[.]net.
What actions have been taken?
Regarding the breach, GateHub stated that its conducting an internal inquiry. “Our investigation team and a professional IT forensics team are still working around the clock to complete an internal investigation. We will post an official statement soon,” Gatehub said in a tweet.