Kronos Research, a Taipei-based trading, market-making, and venture capital firm, reported an incident of unauthorized access to its API keys on Saturday, as outlined in a post on X.
The security breach involved the unauthorized access of API keys, resulting in a loss of approximately 13,007 ETH, valued at $25 million at the time of the incident.
Kronos Suffers $25M in Losses
Following the incident, Kronos temporarily halted all trading activities, impacting Woo X, an exchange incubated by the former where it plays a key market maker role.
Woo X assured the safety of client funds but temporarily paused certain asset pairs due to liquidity issues arising from Kronos’s trading suspension. Subsequently, spot and perpetual trading, as well as withdrawals, have resumed.
1/ Since 1:20 am (GMT+8), our team has been working round the clock to minimize the impact and resume trading operations, following a hacking incident that involved unauthorized access to our API Keys. https://t.co/t2cP9s6
We współpracy z: https://cryptopotato.com/kronos-research-reports-25-million-loss-in-security-breach/
