– Kronos Research has indefinitely halted trading services after a hacker stole over 12,800 ETH (approximately $25 million) by accessing its compromised API keys.
– The firm stated that the potential losses are not a significant portion of its equity and aims to resume trading as soon as possible.
– Blockchain investigator ZachXBT discovered that the stolen funds were transferred to six different crypto wallet addresses.
– The rising number of crypto hacks highlights the importance of conducting thorough research before investing in projects.
– In Q3 2023, over $700 million in digital assets was lost to various security incidents, making it the most damaging quarter for crypto.
