Taiwan's Kronos Research Hit by $25 Million Cyber Heist

Taiwan's Kronos Research Hit by $25 Million Cyber Heist



Taiwan-based Kronos Research recently experienced a significant security breach, incurring an estimated $25 million loss. The breach involved unauthorized access to API keys, resulting in the loss of about 13,007 ETH, valued at $25 million. The company announced the incident on November 18 through social media. Despite the loss, Kronos stated that it wasn't a substantial portion of its equity.



Blockchain researcher ZachXBT noticed significant Ether outflows from a connected wallet, totaling over $25 million. Local exchange Woo X, linked to Kronos, briefly suspended certain trading pairs to manage the liquidity issue but has since resumed normal trading and withdrawals. The exchange confirmed that client funds are safe. Kronos is investigating the breach and has not provided further details on the extent of the losses.



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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Hacker, #Kronos, #News, #Regulations

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