In a thread on X today November 19, cryptocurrency fintech firm Kronos Research confirmed the news of the hack: the attackers had somehow gained access to the company’s API keys and made off with a variety of crypto assets.
According to on-chain data analysis firm Lookonchain, the attackers managed to get away with 24.6M worth of USDT, 488.7 ETH, and 125,056 USDC. The USDT and USDC were then swapped for ETH, netting the attackers a total of 13,010 ETH.
Kronos then immediately paused all trading operations on its trading platform Woo X. The firm was quick to assure its customers that it remains in „good standing” which is to say, that the stolen assets are ostensibly representative only of an „insignificant portion of [their] equity.”
Kronos noted said it is currently prioritizing the resumption of its trading platform and liquildity services.
2023 has seen a not insignificant amount of hacking and security incidents. Blockchain security firm CertiK has recently reported that Q3 2023 wa
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