Another Crypto Exchange Hacked, Following CoinEx Hack by Three Days

In the midst of a challenging year for crypto exchanges, Remitano, a centralized exchange, fell prey to a hack on September 14, 2023, losing nearly $2.7 million in digital currencies.

The breach unfolded at around 12:45 PM on Thursday when an unidentified address with no transaction history began receiving funds from one of the exchange’s hot wallets. Cyvers, a blockchain analytics firm, swiftly identified these suspicious transactions and promptly alerted the crypto community.

The attacker managed to siphon off a total of $2.7 million in digital assets, comprising $1.4 million in Tether USDT, $208,000 in USD Coin (USDC), and $2,000 in Ankr tokens. Notably, Tether promptly intervened by freezing the alleged hacker’s address, safeguarding approximately $1.4 million worth of USDT before any further transactions or conversion of the stolen funds could occur.

U.S. authorities are attributing this incident to the Lazarus Group, a cybercrime organization based in Korea believed to be operating in tandem with the North Korean government. This group has been linked to several hacks in 2023.

Remitano, a peer-to-peer centralized crypto exchange and payment processor, specializes in serving emerging markets, including Pakistan, Ghana, Venezuela, Vietnam, South Africa, and Nigeria. As of now, the exchange has not issued any official statement regarding the

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