Hackers Hijacked the server that hosts BlackWallet, a web-based wallet application that stores lumens and stole 669,920 from users’ accounts
Stellar Lumen is thought to be the eighth most popular virtual currency in the world.
According to tech news site Bleeping Computer, BlackWallet tried to warn users about the attack via forums.
However, many continued to log in and lose money.
The hackers have moved the money to Bittrex, a virtual currency exchange, where they are likely to convert it into another digital currency to hide their tracks, Bleeping computer reported.
The developer, who goes by the alias of Orbit84, said: “I am sincerely sorry about this and hope that we will get the funds back.
“I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it.
“If you ever entered your key on BlackWallet, you may want to move your funds to a new wallet.”
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