Bilaxy Exchange Hot Wallet Hack by Unknown Villains

Bilaxy Exchange Hot Wallet Hacked

Bilaxy, a Seychelles-based international cryptocurrency exchange, announced a hacking incident on its platform. In detail, the exchange states that unknown hackers penetrated its platform’s hot wallet. Indeed, this notice made by the exchange shock the crypto world, especially the investors inside the platform.

On the other hand, the exchange also advised the crypto community to refrain from sending more funds to Bilaxy. As of writing time, the Bilaxy exchange website cannot be accessed. Furthermore, there is no clear statement about what type and how much crypto asset has been stolen by the hackers. However, the exchange says that they are now racing against time to solve the cyber attack incident.

Bilaxy website system maintenance dated 8/29/2021 at 4:15 pm

Meanwhile, this is not the first time that the crypto space experienced a hacking incident like this. In fact,  the word hacking is a common word in the crypto space. With this, traders and investors should do their research before engaging in crypto to avoid losses that cannot be reverted. 

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