The crypto trading and investment firm Kronos Research has confirmed losing $26 million in the hacking incident of its API keys.
In the latest post, Kronos shared that it has taken a loss of about $26 million in crypto assets. The firm said that it has halted trading for the first time since 2018 after experiencing the breach.
Kronos shared that it had encountered unauthorized access to its trading API keys, which resulted in a huge loss of assets. However, Kronos affirmed that “all losses will be covered internally, no partners will be affected.”