After claiming for days that platform users had just fallen for phishing scams, 3Commas CEO finally admitted that compromised API keys were behind the loss of funds.
User API Keys Compromised
3Commas admitted that the platform was compromised on Wednesday after an anonymous Twitter user published around 100,000 API keys belonging to users. However, there has been word around the blockchain that the platform’s API database has been compromised for a while now. Just last week, there was news of crypto funds worth $22 million being siphoned away through these compromised API keys. Back then, the platform’s CEO claimed that the loss in funds happened due to the poor decisions taken by some users who fell for phishing scams. However, dozens of users had claimed that their API keys were used to execute trades on exchanges like Binance, KuCoin, and Coinbase without their consent.
Not An Inside Job
With the confirmation of the API database compromise, however, CEO Yuriy Sorokin has bee
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