Various sources report that the site was unavailable for more than three days due to a bug that gave users the opportunity to withdraw BTC from their accounts twice. The company's losses are estimated at $270,000.
The error was noticed by Foxbit CEO Joao Canjada and CEO Luis Augusto Chivon. After this, the crypto platform went into emergency mode to prevent further withdrawals of funds.
Exchange managers report that work is currently underway to restore data and Foxbit will be available on March 14. The company's blog reports that there was no hacking and customer funds remained absolutely safe.
Foxbit management also reported that some users have already returned to the exchange funds that were withdrawn illegally. However, it is not yet clear what amount was returned.
Foxbit stated that the illegal withdrawal of funds will not affect the operation of the site in any way, since it is a small percentage of the total capital (more than 7500BTC) of the exchange.
According to https://blog.foxbit.com.br
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