BTC-trade UA says hackers drained all hot wallets, leaving about 70% of customer liabilities covered

The crypto exchange BTC-trade UA says it has been hacked, with attackers emptying all of the project’s hot wallets. The remaining funds are enough to cover roughly 70% of its obligations to clients, and the company says it does not plan to continue operating.

1. The core fact for payment and risk teams is simple: BTC-trade UA says the breach hit all hot wallets, which are the exchange’s immediately accessible funds. For any high-risk operator using a crypto venue as part of its payment stack, that is the part that matters first, because it is where day-to-day liquidity sits.
2. The exchange says the remaining assets will cover about 70% of customer liabilities. In practice, that means there is a shortfall, and the size of that shortfall is now the key exposure question for clients, counterparties, and any PSP or banking partner still connected to the venue.
3. BTC-trade UA also says it does not plan to keep the project running. For vendors and partners, that changes the problem from “restore service” to “manage unwind”: reconciliations, client claims, and whatever recovery process follows when an exchange exits after a breach.

For high-risk businesses that route funds through crypto exchanges, the operational lesson is not abstract. If a venue’s hot-wallet layer is wiped out, the immediate questions are custody, reserve coverage, and whether there is enough balance left to settle client obligations without turning the incident into a full stop.