The creators of the young Beaxy cryptocurrency exchange were forced to temporarily suspend work due to yesterday`s hacker attack. The fact is that too high trading activity was recorded in the XRP/BTC pair on the site, and because of this, attackers were able to artificially reduce the Ripple cryptocurrency rate by 40% compared to its market value.
As representatives of Beaxy said later, scammers took used the so-called partial payment vulnerability. The platform’s specialists temporarily suspended their work and were able to find intruders.
Trading activity will be restored immediately after eliminating the consequences of the attack. In addition, representatives of the exchange said that they would fully compensate the lost funds to their customers.