First Bitcoin Ordinals market platform hacked

Ordswap’s official website was hacked and the Ordswap team warned users to remain away until the team recaptures the platform.

Bitcoin Ordinals is a form of non-fungible tokens (NFTs) that are inscribed on a satoshi, the smallest unit of Bitcoin. The Ordinals concept is a protocol that allows people to mint new tokens & NFTs on the Bitcoin blockchain network directly. This unique concept jumped into the crypto sector this year & grabbed huge popularity. In the past, many Bitcoin proponents slammed the Bitcoin ordinals concept & said that it is useless & causing high network traffic on the Bitcoin. 

On 9 Oct 2022, the Bitcoin Ordinals market Ordswap faced a hack attack & its backend team lost control of its official website.

Do not connect to Ordswap domain. We are not currently in control of domain.

— Ordswap (@ordswap) October 9, 2023

The Ordswap team suggested that Ordswap users remain away from this platform until the team gets full control of the website again.

Ordswap, which claims itself as the first Bitcoin Ordinals market, said please do not connect to the Ordswap domain and had lost control of the domain and the issue appears to be related to Netlify.

SlowMist said that there are currently a large number of crypto applications…

— Wu Blockchain (@WuBlockchain) October 10, 2023

Hacking-like incidents in the crypto sector are a usual thing. Recently we reported that a hacker, who exploited the HTX (Huobi Global) exchange’s wallet access system easily, returned the stolen funds within a week. 

The hacker drained nearly $7.9 million worth of crypto assets from the HTX exchange on 24 Sep and returned on 7 Oct following the 5% bounty offer of the exchange.

Update: HTX/Huobi just sent them a whitehat bounty of 250 ETH ($410K) along with this message

0x481cc79ee51b417ecfbdcfaa21cefd5b91bc8c2bc6d98a7065a3fb47e5849db3 pic.twitter.com/TeddYYukuH

— ZachXBT (@zachxbt) October 7, 2023

In the middle of Sep, the CoinEx crypto exchange faced a hack attack & lost nearly $50 million worth of crypto assets. The exchange offered a bounty reward for the hacker but the hacker neither returned nor responded.

Nearly 6 days ago, the exchange restarted its services with full functionality, as the exchange conducted a security investigation & introduced new development works to ensure the safety of the platform.

Hi community,

We've heard your concerns. Progress is ongoing to restore deposit & withdrawal services for all cryptos. Security remains our top priority.

Thanks for your patience & support.

— CoinEx Global (@coinexcom) October 3, 2023

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