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Market News

Alphapo Wallet Total Hack Amount Increases to $60M: ZachXBT

Written By Shivraj Swami
Published 2023-07-26
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Alphapo Wallet Total Hack Amount Increases to $60M: ZachXBT

In a recent incident, the crypto payment processor platform Alphapo fell victim to a significant hack, resulting in a staggering loss of over $23 million across Ethereum, Bitcoin, and Tron.

Renowned cryptocurrency analyst ZachXBT disclosed the incident in a Tweet, revealing that the perpetrators converted the stolen funds into ETH and then bridged them to Bitcoin and Avalanche.

But, in a recent update on the hack, it has been discovered that an extra $37 million has been stolen from TRON and BTC, adding to the previous losses and bringing the total amount stolen to a staggering $60 million. 

Hack update: An additional $37M stolen on TRON & BTC from this hack has been located.

This now brings the total amount stolen to $60M.

This hack appears to likely have been done by Lazarus as they create a very distinct fingerprint on-chain. pic.twitter.com/ACGSXiDwW3

— ZachXBT (@zachxbt) July 25, 2023

Cryptocurrency analyst ZachXBT, who initially reported the incident on Twitter, pointed out that the attack bears the distinctive hallmarks of Lazarus, a notorious hacking group known for leaving a unique fingerprint on-chain. 

Also Read: Hacker Successfully Drains $23 Million from AlphaPo Hot Wallet

As investigations continue, the crypto community remains on high alert, and authorities are working diligently to track down the perpetrators and recover the stolen funds.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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