Hacking: 700,000 Stellar Lumens (XLM) Stolen on BlackWallet

While some exchanges are invaded by a horde of new users, other crypto platforms are robbed by cybercriminals. And the latest victim is BlackWallet, one of the applications developed during the famous Stellar contest.

$ 400,000, gone up in smoke
Piracy here, piracy by that ... more and more digital wallets have been looted lately on different wallet, ranging from Tether to CoinPouch, through Youbit who even had to close because of a series of attacks. Even the more well known platforms are affected by this phenomenon of "massive piracy", like BlackWallet.

According to security researcher Kevin Beaumont, BlackWallet has indeed been the victim of hacking, which led to the theft of nearly 700,000 Stellar Lumens. The stolen tokens are worth around $ 400,000, according to the current price of the XLM (which is trading at $ 0.55).

According to the expert, the attackers injected the code in the portfolios containing more than 20 XLM, and the funds were then automatically transferred to another portfolio on another platform, namely Bittrex. The administrators of BlackWallet have already informed Bittrex of the situation, with the objective of blocking the account of the hacker or even unmask.

"Do not connect at the moment! "
After learning about the hacking, the BlackWallet team asked its members not to open their digital wallets until further notice. But that did not stop some users from connecting and being stolen afterwards.

A Reddit user, who claimed to be the creator of the hacked platform, made a point of explaining the situation to users via a post.

"I'm the creator of BlackWallet. BlackWallet was compromised today, after someone accessed my hosting provider account. He then changed the DNS settings by those of his fraudulent website (which was a copy of BlackWallet). I contacted both SDF and Bittrex to ask them to block the pirate's account. I contacted my hosting provider to disable my account and my websites. "

Apologies and an investigation
As with most platforms that have been the target of recent computer problems, BlackWallet's "so-called" creator has, of course, made the classic speech, an apology followed by an opening announcement.

"I am sincerely sorry and I hope we will recover the funds. I'm negotiating with my hosting provider for so much information about the hacker and I'll see what we can do with it. "

In short, BlackWallet is inaccessible at the time we speak, posting a 404 error. And the best we can do is wait for "true" statements from the administrators of the site.