Dear EtherFlyer users:
The announcement aims to clarify the reasons for the unplanned recharge/withdrawal suspension and solutions.
On August 2, 2020 01:48:59 (AM + UTC), we detected that the ETH hot wallet of EtherFlyer had unusual transfer , the total value of about 50601.2897 USDT assets are transferred to the anonymous wallet, we immediately took the asset protection act, and stop automatically to raise money.
The unusual transfer was proved to be attacked by hackers. We have reported it to the local police and waiting for further information from the police.
According to the security analysis, the key was stolen by hackers during the server migration at the end of July, resulting in the theft of assets.
In response, we replaced all the keys and upgraded the security handling mechanism
In addition, the assets in the user's wallet bound to the exchange belong to the decentralized storage mechanism of ethereum blockchain, and the exchange does not have any user's wallet information, so there is no security risk.
Normal withdrawals of most traded assets have been resumed and will resume next week for all assets.
Follow-up treatment plan:
This incident will affect the withdrawal of stolen assets in a period of time.The exchange will set aside a percentage of its revenues each month to cover losses until the police recover them.
Specific operation mode, the stolen assets will be retained by the user of the withdrawal state, at the end of each month according to the withdrawal time sequence to be audited and issued, issued quantity is the monthly income allocation.
In addition, the deposit after August 2 will not be affacted by this accident.
Thx for supports
The EtherFlyer Exchange
August 8, 2020