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👀 🔎 Where is 25 Million Dollars? 💵

🤯 A hacker in a black hat stole $25 million worth of crypto assets belonging to the famous trade firm Kronos Research after successfully crossing the firewall and accessing the API keys through the site.

Regarding the November 19 incident, Kronos Research officials announced that an unauthorized organization had access to some API keys. After this unfortunate development, the company stopped the trading services it provided on the platform, but no loss was reported by the company officials in the announcement.

#Kronos #KronosResearch #HackerAlert

Two engineers at #cryptocurrency quant firm #Kronos Research were sentenced by the Taipei District Court after tampering with the company's trading simulation environment and predictive analysis code. The engineers were reportedly unhappy about not receiving bonuses, which led to their actions causing suboptimal #investment decisions in virtual currencies and resulting in a $1.4 million #loss for the company.

The court sentenced one of the engineers, surnamed Chen, to eight months in prison, with the option to pay a fine instead of serving the sentence. The other engineer, surnamed Hsu, was sentenced to ten months, also with the option to pay a fine in lieu of imprisonment.

$WOO

Kronos Research halts trading amid $25M API key hack investigation

🌟 Hacker steals $25 million from Kronos Research using compromised API keys, no initial losses reported
🌟 Investigation reveals six transactions totaling 12,800 ETH to hacker's six wallets.
🌟 Kronos suspends services; Q3 2023 sees highest crypto losses at $700 million.

$ETH #Kronos #hacker #investigation #API