HomeUncategorizedKronos Research halts trading amid $25M API key hack investigation By Cointelegraph

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

November 20, 2023

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A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys.

On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time.

Kronos Research hacker sends stolen $25 million to various addresses. Source: Etherscan
Incident counts and amount lost in Web3 security incidents in Q3 2023. Source: CertiK