South Korean cryptocurrency exchange Coinrail was hacked and $40m worth ICO tokens were stolen from the company’s servers.
The company announced the cyber incident through the website on Sunday. The website was put under maintenance mode after the company detected the breach.
The attackers stole the tokens during the initial coin offerings of Pundi X (NPXS), Enper (NPER), and Aston (ATX) said Coinrail.
“At present, 70% of your coin rail total coin / token reserves have been confirmed to be safely stored and moved to a cold wallet and are in storage. Two-thirds of the coins confirmed to have been leaked are covered by freezing / recalling through consultation with each coach and related exchanges. The remaining one-third of coins are being investigated with investigators, relevant exchanges, and coin developers.”
The company took immediate steps to move remaining token reserves to cold storages wallets after the intrusion was detected.
Coinrail said it is currently investigating the incident, and exact amount token stole is still to be confirmed but according to reports around $40m worth ICO token were stolen in the attack.
The company also said it is working with other ICO companies to freeze the stolen tokens.
“Coin Rail is committed to maximizing the protection of your assets, minimizing the damage and recovery, and cooperating with criminal investigation agencies in order to catch hackers as criminal measures. At the same time, keep in close contact with the coin developers and follow up We are discussing. The updated contents will be announced on the homepage continuously.”