EtherDelta Exchange Hit by Attacker Stealing Users Ethereum Funds

EtherDelta, an exchange for tracking and buying cryptocurrencies, has stopped its operations after it was was besieged by an ambitious hacker.

The platform is popular for its selection of altcoins that are typically recorded on the website til they transact with different, higher profile users. The market has received criticism in the past as it does not confirm their users identiies.

A tweet posted by EtherDelta states that the hacker managed to imitate its website — minus its social media feed and conversation threads — a move that, if not fixed, could let it defraud its users. At this point, it is not clear what effect, if any, the apparent breach has had on Ether’s users.

Ether has a trade volume of approximately $12 million every day, and this would rank it within the top trading websites online.

Other Crypto-Related Attacks

This reports follows the closure of the Korean platform Youbit, which this year, reportedly received attacks by North Korean agents. European NiceHash said it lost millions from an attack in November. Tether, a startup which is employed with the task of facilitating crypto trades, stated it lost $31 million dollars.

Coinbase, the exchange, is under pressure because of its botched implementation of Bitcoin Cash in December.