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Trade.io Hack: 50 Million Tokens Stolen From Cold Storage Accessed

Calendar Oct 22, 2018 • User Avatar Anthony Pell
1 min read
General Esm H446
Topics%20covered

Topics Covered

security breach exchange hack cryptocurrency tokens theft cold storage

In a Medium blog post, Jim Preissler, the CEO of the trade.io cryptocurrency exchange, disclosed a security breach which allows hackers to steal roughly 50 million trade tokens (TIO) worth $7,5 million from a cold storage wallet owned by the company, as first reported by ZDNet.

What makes this hack very puzzling is the fact that, although Preissler says the bank safety deposit box which stored the cold storage devices was not compromised, the hackers still managed to get away with 50M TIO.

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