Bilaxy is a Seychelles-based crypto exchange. As per reports, This Exchange faced a hack attack.
On 29 August, the Bilaxy team informed their users that there is something wrong with their platform and they are at maintenance.
But later after one hour, the team confirmed that they faced a hack attack. They informed this news through twitter and requested users to not to deposit any funds.
The Exchange didn’t reveal the total fund loss. But according to reports, they faced more than $400 million worth of crypto funds.
The hackers used many crypto addresses and one of the addresses used is shared by the team, which is here.
Here we can’t say for sure about the whole fund drained by the hackers, we have to wait for the official information.
Read also: Jack Dorsey Plans A Bitcoin Centric Decentralized Exchange (DEX)
