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Alphapo Hacked: $23M Crypto Heist

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ByMarcel Bich

Aug 25, 2023
Alphapo Hacked: $23M Crypto Heist
Marcel Bich
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The assault on the company’s Ethereum, Bitcoin, and TRON hot wallets was initially spotted by blockchain security expert ZachXBT.

Blockchain Security Experts Confirm Massive Crypto Theft: 6.074M USDT, 100.2M FTN, 2.5K ETH Stolen!

The specifics of the attack were verified by specialists from PeckShield, a business that focuses on blockchain security. In their statement, the attackers claimed to have taken 6.074 million USDT, 108 thousand USDC, 100.2 million FTN, 430 thousand TFL, 2.5 thousand ETH, and 1.700 DAI, all of which they sent to address 0x040a.

The thieves traded the stolen stablecoins for 5.73 ETH, which they later transferred to BTC using Avalanche Bridge. The withdrawals were progressively sent to TKSitn and TDoNAZHa7, totaling about 12 million USDT and 5.2 million TRX.

The impact of the theft may be large because Alphapo handles payments for several well-known crypto gaming sites, including HypeDrop, Ignition, and Bovada.

In light of the occurrence, HypeDrop has momentarily stopped accepting deposits and making withdrawals for several cryptos. The business responded to users’ complaints by blaming an unnamed third party for the issues. HypeDrop assured its consumers that their money was secure by highlighting the fact that the third party experienced issues with transactions involving BTC, ETH, and TRX.

 
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Marcel Bich

Marcel ‘s passion for the world of cryptocurrencies and his comprehensive knowledge of blockchain technology make him an invaluable asset to our team. He stays updated on the latest trends, regulations, and emerging technologies in the crypto space, ensuring that our audience receives accurate and up-to-date information.