In simpler terms, the SaitaChain team announced through a significant update that Xbridge, their cross-platform for exchanging cryptocurrencies, experienced a security issue.
Important notice to the SaitaChain community 🚨
— SaitaChain (@SaitaChainCoin) April 24, 2024
In a recent update on Saitex’s X channel, they announced, “A security incident occurred on our cross-platform solution, Xbridge, only a short while ago. Regrettably, we must disclose that Xbridge has suffered a cyberattack.”
The tech team at the company has confirmed the issue, and they’re working on solutions with their top experts to limit the damage.
After this incident, Saitachain intends to collaborate further with renowned Centralized Exchanges to prevent any transfers or transactions originating from the hacker’s wallet. They have made public the hacker’s wallet address, which begins with ‘0x0cFC28d…’.
Despite the unfortunate incident, the company wants to assure its users that they can still use the platform and conduct business as normal. Users’ assets are safely protected during this time.
In the end, the firm apologizes for any inconvenience users might have faced and appreciates their understanding and tolerance during this challenging period as the company works to resolve the issue.
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2024-04-24 19:00