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Bisq, which is a decentralized digital asset exchange, publicized that it had been hacked, on Tuesday. Around two hundred and fifty thousand USD worth of Bitcoin and Monero were whipped. The decentralized crypto exchange has since issued a fix along with an assurance to completely compensate the affected users.
Bisq first alerted users to the problem in a tweet. It also abruptly halted all trading on the platform. In a statement on its website Wednesday, Bisq explained that a hacker had exploited a flaw in the Bisq trading protocol, targeting individual trades to steal funds.
The company mentioned,
“We are aware of approximately 3 BTC and 4000 XMR stolen from 7 different victims. The only market affected was the XMR/BTC market, and all affected trades occurred over the past 12 days.”
The exchange further mentions that it planned to cover the losses by making a smart contract in the “Bisq DAO,” that will intend to reimburse the sufferers from future trading proceeds.
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