BIPS Hack

Reported loss $600K
Other

What happened

Hackers have allegedly stolen over a thousand bitcoins from the European payment processor BIPS in a theft.

The payment provider said that it was initially hit with a DDoS attack on November 15th, followed by a second attack on November 17th that managed to take the funds. BIPS said that the attacks appear to have originated from Russia and neighboring countries.

Protocol details

Classification CeFi
Protocol Type Exploit/Other
Protocol links Website

Evidence

Same attack technique

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