Alphapo Security Breach: Over $60 Million Stolen from Hot Wallets
Alphapo, a prominent payment processor for gambling services, has recently suffered a significant security breach. The company announced on July 23, 2023, that their hot wallets had been compromised, resulting in a loss of over $23 million in cryptocurrencies, including Ethereum (ETH), TRON (TRX), and Bitcoin (BTC). However, recent updates indicate that the total amount stolen is much higher than initially reported.
Key Points:
- An additional $37 million in TRON and BTC has been discovered to be stolen, bringing the total amount to $60 million.
- The exact amount of BTC stolen remains unknown, suggesting the total figure could be even higher.
- The stolen funds were exchanged for ETH and transferred to other blockchains, including Avalanche and Bitcoin.
- HypeDrop, one of Alphapo’s customers, had to disable withdrawals following the breach.
- The hack is believed to have been carried out by Lazarus, a group known for their distinctive on-chain fingerprint.
This incident raises concerns about Alphapo’s security protocols and its impact on its clients. The investigation is ongoing, and further developments are expected. It serves as a reminder of the security risks associated with cryptocurrency activities.
Hot Take: This security breach highlights the urgent need for robust security measures in the crypto industry. As the popularity of cryptocurrencies continues to grow, it is crucial for companies and individuals to prioritize the protection of their digital assets.
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