Cryptocurrency exchange Doge Vault was hacked and has admitted that it has lost about 70% of its customers coins.

In an updated release, Doge Vault said: “It is believed the attacker gained access to the node on which Doge Vault’s virtual machines were stored, providing them with full access to our systems.”

Doge Vault went on to say: “After salvaging our wallet we have ascertained that around 280 million Dogecoins were taken in the attack, out of a total balance of 400 million kept in our hot wallet. 120 million Dogecoins have been since recovered and transferred to an address under our control.”

It has requested that depositors not ask for their coins back and has not said when it will become more responsive to either retrieval requests or deposits.

It's also said it is best to assume all passwords and private keys have been compromised.