Report: DragonEx Is In the News for Losing Customers’ Funds

A cryptocurrency exchange platform, DragonEx, which claims to be “a safe and stable platform for Bitcoin and Ethereum transactions,” is in the breaking news after it announced through its official Telegram channel the platform had been compromised.

According to the announcement, the exchange lost control of its users’ digital assets. However, the cryptocurrency exchange platform didn’t elaborate on the exact amount of loss incurred.

The announcement read –

“Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets. Several Judicial administrations were informed about this cybercrime including Hong Kong, Singapore, Thailand, Estonia, etc. and we’re assisting policemen in the investigation.”

The exchange’s officials stated that the trading service would shut down shortly on the platform. The team claimed that the loss of assets and recovery details about the cybercrime would be released in a week, adding that the exchange “will take the responsibility and retrieve back the stolen data, no matter what.”

DragonEx’s statement on Telegram stated –

“We have encountered attacks from hackers and our users’ crypto assets and DragonEx’s crypto assets are both stolen. International Policemen are investigating. Please wait for following announcement about the accurate loss situation.”

Moreover, Joanne Long, an admin of the channel, stated –

“The team had tracked down the addresses the stolen funds were transferred to. Based on the data collected, they ascertained that the assets lost during the hack included Bitcoin (BTC), Ethereum (ETH), NEM (XEM), EOS, XRP, Ethereum Classic (ETC), NEO, ABBC, Litecoin (LTC), Bitcoin Cash (BCHABC), Stellar (XLM, Monero (XMR), Cardano (ADA), Ontology (ONT), Tron (TRX), Bytom (BTM), Asch (Xas), Icon (ICX), Qtum, and Tether (USDT).”

These coins were transferred to the leading exchanges like Binance, Bittrex and Huobi. At press time, the coins which were transferred from the above addresses were frozen on Gate.io and Huobi.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.