Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether
ETH, TRON, and Bitcoin, security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher. According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum network, then swapped for ETH before being bridged to the Avalanche and Bitcoin blockchains. As per DeDotFi’s security team, the hack may have been caused by a leak of private keys. Investigations are still in progress. Alphapo is a payment processor that offers instant transactions in over 30 digital assets and balances in a range of fiat currencies. The company is best known for being the crypto gateway for a number of gambling platforms, including HypeDrop, Ignition and Bovada. Following the incident, Alphapo’s client HypeDrop stopped processing crypto transactions. The mystery box platform said on Twitter that it is experiencing issues with deposits and withdrawals as a result of the hack. “Please know that your HypeDrop funds are safe, but we encountered an issue on the cryptocurrency provider’s side. Once the provider’s operations resume, processing deposits will be credited accordingly,” it stated.
Full story : Alphapo hot wallets hacked for over $31 million.
