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Golix: Zimbabwe’s Crypto Exchange Was Hacked

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An influential Zimbabwean crypto exchange, named Golix was attacked. The platform that admits it operates with $ 1 million per month, has identified a cash leak on March 12, 2018 via a mail sent by a customer.

According to the received mail, an unspecified number of accounts registered on the Golix platform have been the victims of an unauthorized third-party attack. The company believes that hackers have managed to reach the platform through users’ mail accounts.

Fortunately, for Golix and loyal users, hackers have failed to squeeze any virtual coin, according to the company. However, they managed to realize several changes to clients’ accounts, converting funds into cryptocurrency and vice versa.

A part of the message sent by mail looks like this: “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“.

To prevent attacks on their clients’ wallets, Golix’s technical team have introduced several changes to the system. Thus, no one can withdraw money without going through a complete verification.

Currently, no details are known about the level of violation and the number of accounts that have become victims of such an incident. The problem arises when we wonder why a hacker is going through such a road that can result with jail, just to convert clients’ funds into cryptocurrencies.

Besides Golix’s statements, TechZim reveals some contradictory claims. They say that hackers have reassembled a few withdrawals, which have gone through the “full verification”.

If we would return to January 2018, Golix went through an unfavorable period. They were offline for more than 14 hours, giving customers the impression of a hacker’s attack. Then, the media was telling that attackers succeeded to stole 12 Bitcoins worth $ 200,000. However, there are no secure statements from a company representative, saying only that “it was a technical glitch that caused the system to automatically shut down”.

At the moment, we expect to see more secure details from Golix, so that we can make some interpretations about the resulting breach.


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