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{"actor":"system:backfill","investigation_id":"da04c52d-1e95-4564-afbe-72f4f1a10e02","kind":"publish","page_slug":"remitano","published_at":"2026-05-28T15:02:28.866Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Remitano","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://coinjournal.net/news/breaking-crypto-exchange-remitano-hacked-for-over-2-7-million/","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-remitano-hack-september-2023","type":"other","url":""},{"credibility":3,"name":"https://cyvers.ai/blog/how-cyvers-vigilens-stopped-a-2-7-million-cryptocurrency-hack-at-remitano","type":"other","url":""},{"credibility":3,"name":"https://cryptonews.com/news/remitano-crypto-exchange-faces-possible-hack-27-million-withdrawn-suspicious-transactions/","type":"other","url":""},{"credibility":3,"name":"https://coin360.com/news/crypto-heists-coinex-remitano-lazarus","type":"other","url":""},{"credibility":3,"name":"https://www.mariblock.com/stories/remitano-crypto-exchange-hacked-for-2-7-million-narrowly-avoids-1-4-million-tether-loss","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.sc.com.my/resources/media/media-release/sc-reprimands-remitano-and-seeks-to-block-access-to-its-website","type":"other","url":""},{"credibility":3,"name":"https://soyacincau.com/2021/04/16/remitano-bitcoin-trading-blocked-in-malaysia-not-authorised-securities-commission/","type":"other","url":""},{"credibility":3,"name":"https://www.fca.org.uk/news/warnings/remitano-https-remitanocom-home-gb","type":"other","url":""},{"credibility":3,"name":"https://fsaseychelles.sc/media-corner/regulatory-updates/warning-unauthorised-activity-under-the-virtual-asset-service-providers-act-2029","type":"other","url":""},{"credibility":3,"name":"https://www.iosco.org/investor_protection/?subsection=investor_alerts_portal&id=30608&entity=Babylon-Solutions-Limited/-Remitano.com","type":"other","url":""},{"credibility":3,"name":"https://behindmlm.com/companies/remitano-fraud-warnings-from-malaysia-uk/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://fsaseychelles.sc/media-corner/regulatory-updates/warning-unauthorised-activity-under-the-virtual-asset-service-providers-act-2029","type":"other","url":""},{"credibility":3,"name":"https://www.iosco.org/investor_protection/?subsection=investor_alerts_portal&id=30608&entity=Babylon-Solutions-Limited/-Remitano.com","type":"other","url":""},{"credibility":3,"name":"https://www.prnewswire.com/news-releases/remitano-p2p-bitcoin-exchange-is-completely-independent-from-traditional-banking-partners-300384289.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.trustpilot.com/review/remitano.com","type":"other","url":""},{"credibility":3,"name":"https://remitano.pissedconsumer.com/review.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/press-releases/remitano-launches-renec-as-its-own-native-token","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/renec/","type":"other","url":""},{"credibility":3,"name":"https://support.remitano.com/en/articles/5816982-what-is-renec-token","type":"other","url":""}]}],"sources_used":[],"summary":"Remitano is a peer-to-peer cryptocurrency exchange operated by Babylon Solutions Limited, incorporated in Seychelles and active since 2015. The platform suffered a confirmed hot wallet hack in September 2023 resulting in approximately $2.7 million in losses, with the Lazarus Group (North Korea-linked) alleged as a probable suspect. Regulatory authorities in Malaysia, the United Kingdom, and Seychelles have issued warnings or taken enforcement actions against Remitano for operating without authorization, and the operating entity Babylon Solutions Limited was dissolved and struck off as of January 1, 2023.","timeline":[{"date":"2015-04-01","event":"Remitano launched by Babylon Solutions Limited, incorporated in Seychelles, as a peer-to-peer cryptocurrency exchange.","source":""},{"date":"2021-04-13","event":"Securities Commission Malaysia reprimands Remitano for operating an unlicensed digital asset exchange, adds it to the Investor Alert list, and initiates website blocking via MCMC.","source":""},{"date":"2021-06-30","event":"Remitano launches RENEC (Remitano Network Coin) as its native blockchain token.","source":""},{"date":"2023-01-01","event":"Babylon Solutions Limited, the operator of Remitano, is struck off and dissolved by Seychelles authorities, ceasing to be a legal entity.","source":""},{"date":"2023-09-14","event":"Remitano's hot wallet is drained of approximately $2.7 million across Ethereum and TRON. Cyvers Alerts detects the breach in real time. Tether freezes $1.4 million in USDT on Ethereum and $537,000 on TRON.","source":""},{"date":"2024-02-05","event":"UK Financial Conduct Authority adds Remitano to its warning list of unauthorized firms, flagging the platform for promoting financial services without FCA permission.","source":""},{"date":"2025-05-20","event":"Seychelles FSA issues public warning that Remitano (remitano.com, allegedly operated by Babylon Solutions Limited) has no authorization under the Virtual Asset Service Providers Act 2024, and that Babylon Solutions Limited has been dissolved.","source":""}]},"v":1}