In a shocking development, Remitano, a widely-used cryptocurrency platform with over 5 million users, is grappling with a serious security breach that occurred on September 14, 2023.
Experts suspect a hacker might be behind it, resulting in large and suspicious withdrawals.
Approximately $2.7 million worth of cryptocurrencies were taken, causing panic among users.
Tether, a prominent digital currency, stepped in by freezing one of the suspected addresses, potentially saving $1.4 million of users' assets.
The suspicious activity began when Remitano's wallet sent a substantial amount of crypto to an unfamiliar address.
This included $1.4 million in Tether, $208,000 in USD Coin, and 104,000 Ankr tokens.
Blockchain analysts sounded the alarm, and Tether's quick action prevented further losses.
As of now, Remitano hasn't released an official statement, leaving users anxious for answers.
