** Public Service Announcement**
From ShorelineCrypto Discord server:
ShorelineCrypto Exchange Hacked on 11/11/2021 11/12/2021
Dear ShorelineCrypto Friends and Members, we are sad to announce here that shorelinecrypto exchange platform was hacked on 11/11/2021. Through past one day investigation, we have determined that the yesterday's hacking event caused exchange to lose between $1000 USD to $2000 USD, most likely around $1500 USD as of today's DOGE/BTC/LTC trading price. The hacking was mainly on Dogecoin wallet, between 4000 to 5000 DOGE was stolen, to less degree for insignificant amount on exchange litecoin and bitcoin wallets. Here are details of the hack
(1) No exchange username or password were leaked or hacked on this event. A hacker registered a new username with email and hacked through the system software code with this account on a software bug that was unknown on this platform. (2) The hacking event was through a complicated simultaneous dogecoin deposit and withdraw many many times. Deposit less coins and withdraw more coins, therefore stole large amount of DOGE. Because vast majority of exchange dogecoin is stored offline in cold wallet, the most amount of dogecoin stolen was determined around 5000 DOGE.
This is first time that this exchange software code was hacked over our past 3 years of operation. This is significant and we have determined that shorelinecrypto exchange business is no longer viable business while we will continue our software business with no impact. Here are the decisions we have made on this hacking event.
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