💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Crypto Wallet BitKeep, Hit By $1M Hack, Pledges To Reimburse Affected Users

Published 18/10/2022, 09:42
© Reuters.  Crypto Wallet BitKeep, Hit By $1M Hack, Pledges To Reimburse Affected Users
BTC/EUR
-
BTC/USD
-
ETH/EUR
-
CRCW
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
ETH/USD
-
ETH/USD
-
ETH/EUR
-
BTC/JPY
-
ETH/JPY
-
BTC/GBP
-
ETH/GBP
-
ETH/JPY
-
BTC/GBP
-

Cryptocurrency wallet BitKeep was hacked on Tuesday, causing a loss of about $1 million, according to the company.

BitKeep has promised to fully reimburse users hit by the exploit.

What Happened: “Our development team has managed to contain the emergency and stopped the hacker,” the company tweeted. BitKeep is the top decentralized multi-chain wallet in Asia that allows users to hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), nonfungible tokens among other digital assets.

See More: BEST WAYS TO EARN FREE CRYPTOCURRENCY

BitKeep said in a tweet that it is suspending its BitKeep Swap service to ensure that there are no further asset security issues, and launched a wallet safety assurance feature “along with it a one-tap repair feature”.

Blockchain security and data analytics firm PeckShield highlighted one of the hack transactions in which the exploiter transferred over 190 tokens over the Binance Smart Chain network. BitKeep wallet supports over 70 mainnet chains including Bitcoin, Ethereum and Polygon (CRYPTO: MATIC). The decentralized Web 3 solution claims to have over 6 million users.

Read Next: China Crypto Exchange Token Rallies 70% In A Month — Even As Bitcoin, Ethereum Slide

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.