ETERBASE

ETERBASE operated as a Slovak cryptocurrency exchange, providing a platform for the trading and custody of digital assets. Its services facilitated transactions involving a range of cryptocurrencies, including Bitcoin, Ether, ALGO, Ripple, Tezos, and TRON, serving customers within its operational jurisdiction. The company's core function was to act as an intermediary for these digital asset transactions, maintaining internet-connected hot wallets for liquidity. This positioning within the cryptocurrency exchange sector inherently involved managing significant security risks associated with holding client funds in online storage systems.

The organization's operational history is notably defined by a major security incident disclosed on September 10, 2020. During this breach, attackers compromised six of ETERBASE's hot wallets, resulting in the theft of approximately $5.4 million in various cryptocurrencies. The platform's security monitoring detected the unauthorized transactions but was unable to prevent their execution. In response, the company initiated a trace of the stolen funds across multiple blockchains and formally requested that recipient cryptocurrency exchanges freeze the assets. Operations were temporarily suspended as a direct consequence of the incident. Management communicated to users that the company maintained sufficient reserves to continue functioning after the breach, and law enforcement agencies were notified as part of the subsequent investigation and response efforts. This event highlighted the persistent threat of cyberattacks targeting cryptocurrency exchanges and the challenges in mitigating such thefts once initiated.