BitKeep Wallet Suffers Second Hack Since October, $8 Million Stolen via Infected APKs
DailyCoin
Published Dec 26, 2022 06:45AM ET
Updated Dec 26, 2022 08:00AM ET
BitKeep Wallet Suffers Second Hack Since October, $8 Million Stolen via Infected APKs
BitKeep, a Singapore-based multi-chain decentralized cryptocurrency wallet, has become the latest victim of DeFi hacks, with over $8 million in customer funds reportedly stolen.
h2 BitKeep Suffers $8 Million Exploit /h2BitKeep, which suffered a $1 million exploit in October when an exploiter gained access to vulnerable smart contracts, has confirmed another hack. This time, around $8 million has been stolen in the ongoing hack.
BitKeep, via its official Telegram handle, reported that the exploit involved a hacked APK version of the BitKeep wallet some users had downloaded. The funds of these users were drained while they were not using their wallets.
According to PeckShield, the blockchain analytics and security company, the amount of stolen crypto is about $8 million in BNB, ETH, USDT, and DAI. The individual involved has moved most of the hacked funds to BNB Chain.
h2 DeFi Remains the Biggest Target (NYSE:TGT) for Hackers /h22022 has been the worst year yet for crypto, with cybercriminals targeting the decentralized finance (DeFi) sector. PeckShield reported in November that more than $3 billion had been lost to DeFI hacks, more than double 2021’s total.
Some Twitter users have confirmed the hack resulted from individuals using an unofficial BitKeep wallet. The vigilant crypto enthusiasts cited suspicious emails after installing the app. BitKeep has appealed to Binance to freeze the stolen assets as soon as possible.
h2 On the Flipside/h2- According to BitKeep, the stolen assets will be returned to users if investigations reveal the exploit was due to a fault on the company’s part.
BitKeep has emphasized the importance of users transacting only via official applications and websites to avoid losing funds.
Find details about the BitKeep October hack in:
BitKeep Wallet Suffers $1M Hack After Attacker Exploits Swap Feature
The crypto hacks of 2022 are covered below:
Crypto Market Growth Continues Despite a Spike in Hacking Incidents: Report
See original on DailyCoin
Get The News You Want
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.