3Commas Admits APIs Were Leaked Contrary To Prior Statements

3Commas Admits APIs Were Leaked Contrary To Prior Statements

The first hints of trouble started brewing back in October. At the time, 3Commas was accused of leaking API keys that allowed bad actors to take control of APIs sold to end users, with disastrous consequences.
An automated trading platform, 3Commas provides customers with an API that they can then connect to exchange platforms in order to allow the bot to perform split-second transactions when an opportunity for profit is sighted.
If the key used to connect the API to the platform were to be intercepted, it would allow a bad actor to essentially hijack the end user’s crypto exchange account without needing the trader’s password, e-mail, and so on.
In October, about $6 million dollars were stolen from FTX accounts via the 3Commas API. FTX – which at the time was allegedly solvent – took the decision to reimburse the users, in spite of the fact that these particular funds were stolen through no fault of FTX’s.
However, SBF also stressed that the refund was a one-time exception.

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We współpracy z: https://cryptopotato.com/3commas-admits-apis-were-leaked-contrary-to-prior-statements/

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