Home News Alt Coins $350K worth Stellar Lumens stolen in wallet hack

$350K worth Stellar Lumens stolen in wallet hack

January 17, 2018 12:09
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It was reported that Digital Wallet provider for Stellar Lumens, BlackWallet was hacked over the weekend. According to a report, BlackWallet’s Domain Name System (DNS) was hacked over the weekend and a piece of code was included to transfer anything more than 20 lumens to a different wallet.

Nearly 670,000 Lumens were stolen, which is currently worth $350,000 at the time of writing this article. For an average user, when they sent any more, they sent it out with the wallet address of their choice. On the back-end, the address was replaced by the hacker’s address and the funds were sent to his wallet.

The wallet to which the funds were stolen now has only 98 lumens. Most of it was moved to another wallet, which has 1.4 Million Lumens, worth nearly $600,000. This wallet address happens to belong to Bittrex.

A reddit user, who claimed to be the creator of BlackWallet said “I am sincerely sorry about this and hope that we will get the funds back. I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it.”

It is important to note that BlackWallet is just an account viewer like MyEtherWallet. No keys were stored on the server. You are completely safe if you’ve used their service in the past. You can just use your keys on a different wallet to access your funds. However, if you made a transaction on BlackWallet after the hack, chances are, your money is gone for good.

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