ZB.Com halts Withdrawal After a Possible $4.8M Hack

ZB.Com cited the sudden failure of some core applications as a reason for the halt.
ZB.Com halts Withdrawal After a Possible $4.8M Hack

Blockchain analyst firm Peckshield observed the transfer of $4.8 million worth of crypto from ZB.Com, a crypto exchange and warned that it could be done by hackers following the suspension of withdrawals.

Peckshield stated that hackers moved out 21 different types of crypto tokens from “the world’s most secure digital asset exchange” on Monday, which includes USDT, AXS, APE, SHIB, MATIC, and others. 

On Tuesday, ZB.Com announced the suspension of withdrawals due to the “sudden failure of some core applications.” Also, it asked its users not to “deposit any digital currency before recovery.” 

While crypto is in a bloodbath situation, many hackers are adding fire to this turmoil in the market. Recently, many crypto firms have suffered large-scale cyberattacks on their platforms. 

Earlier this week, cross-chain bridge Nomad was drained of its funds in exploitation, which led to a nearly $200 million loss.

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