Hackers steal $400,000 worth Stellar Lumen cryptocurrency

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Hackers steal $400,000 worth Stellar Lumen cryptocurrency

Hackers steal $400,000 worth Stellar Lumen cryptocurrency
Hackers steal $400,000 worth Stellar Lumen cryptocurrency

Hackers have stolen $400,000 worth cryptocurrency as they have broken into the stellar lumen digital wallet.

The hackers on Saturday hijacked the server that hosts BlackWallet, a web-based wallet application that stores lumens, and stole 669,920 from users’ accounts, the BBC reported.

Although BlackWallet tried to warn users about the attack via forums, many continued to log in and lose money.

Also read: JIO planning to release their own cryptocurrency

Stellar Lumen is thought to be the eighth most popular virtual currency in the world.

The stolen amount has been moved to Bittrex, a virtual currency exchange, where it was likely to be converted into another currency to hide their tracks, the site claimed.Which was a very smart move.

BlackWallet’s creator, in a Reddit post, said he had since disabled his hosting account and websites.

The developer, who goes by the alias of Orbit84, said: “I am sincerely sorry about this and hope that we will get the funds back.

“I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it.

“If you ever entered your key on BlackWallet, you may want to move your funds to a new wallet.”

Below You can see the tweets.

 

But the currency is still far smaller than the most popular tokens, such as bitcoin and Ethereum, worth $240.3bn (£174.8bn) and $127.4bn (£92.7bn) respectively, the newspaper adds.

In the wake of the cyberattack, the price of Stellar Lumen fell from $0.6 (£0.44) per coin to $0.4 (£0.3), according to crypto market tracker CoinMarketCap.

 

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