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The Bilaxy Exchange Has Been Hacked – Is The Reason Why Bitcoin’s Price Plunged?

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Cryptocurrency exchange with a trading volume of just in excess of $ 338 million, Bilaxy, just announced on Twitter that its sizzling wallet has been hacked.

bilaxy-bi-hack-2
Bilaxy Exchange Hacked: Why Is Bitcoin Price Plummeting?

⚠️⚠️ Urgent Hack Warning – Main Bilaxy

Please note that the Bilaxy Hot wallet has been hacked, please DO NOT send money to your bilaxy accounts any longer. We are operating with time to examine and restore. Please await even more communications.@ICODrops @ICO_Analytics @CoinMarketCap @

Bilaxy Team

– Bilaxy (@Bilaxy_exchange) August 29, 2021

“Note, Bilaxy’s sizzling wallet has just been hacked. Please suspend the deposit on the Bilaxy floor! We are attempting to appropriate the error.

More particulars will be announced later on. “

Many sources speedily observed the deal with of the Ethereum wallet which is believed to be the hacker who attacked the exchange.

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The hackers speedily moved the coins to other wallets and made use of blending resources to cover the transaction.

bilaxy-bi-hack-1
The wallet deal with is believed to belong to the hackers who attacked the Bilaxy exchange. The supply: Etherscan

Although the exchange is very tiny, this incident strongly impacted the price tag of Bitcoin.

On the morning of August 29, 2021, Vietnam time, suitable following the Bilaxy hacking information broke, the price tag of BTC all of a sudden dropped from $ 49,700 to $ 48,one hundred, down $ one,600 in just one hour!

Price chart of 15 million BTC / USDT on Binance exchange

Coinlive will update readers with the newest details on this situation.

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