Today, with the growing adoption of cryptocurrency, frauds, and crimes are also increasing rapidly. Recently, a Seychelles-based digital asset trading platform, Bilaxy, reported that some of its wallets were compromised. Bilaxy took to its Twitter handle and announced a “top urgent-Bilacy hacked notice.” It is stated that the company’s hot wallets were compromised, and so the users were restricted from sending any funds to their accounts.