Zimbabwe's Golix platform hacked

Zimbabwe's Golix platform hacked
Published: 13 March 2018 (609 Views)
Golix, a Zimbabwean cryptocurrency exchange platform that is said to be processing about $1 million per month, has disclosed a breach into their systems that took place on the 12th of March 2018, via an email to their customers. According to the email, a limited number of Golix accounts fell victim to unsolicited third party access - The company alleges that the hack was carried out through compromised email accounts.

Miraculously, the hackers did not make away with any cryptocurrency, at least according to Golix. Apparently, the hackers only converted funds between individual users' cryptocurrencies and USD wallets and also bought some cryptocurrencies.

"As a result of this intrusion, affected users have noticed some changes to their accounts such as the conversion of their cryptocurrencies and/or the acquisition of additional cryptocurrencies through already held US dollar balances," reads part of the email sent out to Golix customers.

Golix says that their technical team made some changes to their system to "prevent the withdrawal of any form of currency from users accounts," thus ensuring that no withdrawals are made without full verification.

The company does not give further details as to the extent of the breach or how many accounts fall under "a limited number of Golix accounts." Questions arise as to why hackers would breach a cryptocurrency exchange platform just to buy a few bitcoins using people's accounts and not withdraw any funds. TechZim shines some light that maybe the hackers made the withdrawals look legit since Golix only speaks of no withdrawals being made without full verification, meaning there were "verified withdrawals" or what looked like so.

Back in January this year, Golix crashed and was offline for more than 14 hours which was followed by fears that the platform had been hacked and the hackers supposedly made off with 12 Bitcoins valued at over $200,000. However, the management dismissed these claims, saying that it was only a "technical glitch that caused the system to automatically shut down."

Since the hack just happened, we will be waiting to get more information from the Zimbabwean-based company regarding the breach in the coming days. For now, let's go with the belief that some hackers were just bored and wanted to play around with people's Bitcoins and dollars stored on Golix.

- www.techweez.com

Tags: Zimbabwe, Hacked, Golix,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Omega Sibanda launches his Zanu-PF campaign

by Staff reporter | 21 June 2018 | 115 Views

Chinamasa proud of bins ceremony

by Staff reporter | 21 June 2018 | 136 Views

Mnangagwa to tour Ekusileni

by Staff reporter | 21 June 2018 | 114 Views

Andy Muridzo wife refuses to kiss him in public

by Staff reporter | 21 June 2018 | 153 Views

Omega Sibanda launched his Zanu-PF campaign

by Staff reporter | 21 June 2018 | 101 Views

Spot FM changes name to Classic263

by Ndou Paul | 21 June 2018 | 74 Views

Mnangagwa takes campaign trail to Bulawayo

by Staff reporter | 21 June 2018 | 90 Views

ZESA employee electrocuted in Bulawayo

by Staff reporter | 21 June 2018 | 85 Views

Are tattoos good for our youths

by Tondorindo | 21 June 2018 | 91 Views

Welcome back our Original Mazoe drink

by Thomas Murisa | 21 June 2018 | 101 Views

Zanu-PF candidates threatening to shut down churches in Hobhouse

by Fanuel Chinowaita | 21 June 2018 | 118 Views

Mnangagwa to resume issuance of grants

by Staff reporter | 21 June 2018 | 87 Views

Your success is in your state of mind

by Enos Denhere | 21 June 2018 | 82 Views

Chamisa showed his true colours when he chose Mugabe over Khupe

by Anthony Mkondo | 21 June 2018 | 116 Views

Mutsvangwa barred from evicting Chipanga from farm

by Staff reporter | 21 June 2018 | 115 Views

Parly exposes Obert Mpofu

by Staff reporter | 21 June 2018 | 108 Views

Mugabe ally in court over political violence

by Staff reporter | 21 June 2018 | 102 Views

Chamisa to boycott Zimbabwe polls?

by Staff reporter | 21 June 2018 | 169 Views

WATCH: Zanu PF, MDC Alliance square off in TV debate

by CNBC Africa | 21 June 2018 | 136 Views

Woman to contest DNA test for 3rd time

by Staff reporter | 21 June 2018 | 135 Views

MTN increase LTE coverage and download speeds

by MyBroadband | 21 June 2018 | 89 Views

Mutsvangwa booed, storms out of debate

by Staff Reporter | 21 June 2018 | 197 Views

#ChinamasaChallenge a hit on Twitter

by Ndou Paul | 21 June 2018 | 165 Views

Teachers slam Mnangagwa

by Staff reporter | 21 June 2018 | 133 Views

Spot FM Zimbabwe change name to Classic263

by Ndou Paul | 21 June 2018 | 120 Views

Zuma warned Chamisa against pact with Mugabe

by Staff reporter | 21 June 2018 | 230 Views

Mugabe's health condition 'is nothing serious'

by AFP | 21 June 2018 | 108 Views

Mukupe ordered to return journalist's cellphone

by MISA | 21 June 2018 | 97 Views

URGENT: Zimbabweans who worked for Wenela eligible for compensation

by Staff reporter | 21 June 2018 | 111 Views

Cleansing ceremony for Gweru- Kwekwe highway black spot

by Staff reporter | 21 June 2018 | 158 Views

.Man hangs self in neighbour's yard

by Staff reporter | 21 June 2018 | 188 Views

Peter Ndlovu's story told in World Cup advert

by Staff reporter | 21 June 2018 | 206 Views

Banks set to cut transaction costs

by Staff reporter | 21 June 2018 | 170 Views