BitKeep announces freezing of hacker funds transferred to multiple addresses

Earlier today through its official Wire handle, recently used crypto wallet network BitKeep announced that some of the stolen funds transferred by the hackers to other addresses had been frozen. Two addresses under the control of the exploiter, wallets 0x40c00 and 0X10B2a, hold 3.5M DAI and 250k DAI respectively.

Transmitted hacker funds have been frozen

BitKeep users can almost heave a sigh of relief after the organization announced on its Telegram group that some of the funds transferred by hackers during the recent network breach have been frozen. The Multichain wallet network revealed the addresses of the stolen crypto, wallet0x4c00 and wallet0x10B2a.

BitKeep told its users on Telegram:

“Dear Users, We once again apologize for the hacker hijacking incident; Since the incident, the team is actively dealing with the incident. The current progress is that some of the funds transferred by the hackers have been frozen! Please rest assured that BitKeep will make every effort to recover your assets.”

The company advised its users not to send information to the group as a white hat attacker can directly fill the information in the form (Google Docs Form or Graphite Form). It also expressed the hope that affected participants will actively cooperate with the investigative team that has been initiated by the official community as this is the only way to recover the stolen funds.

BitKeep also requested users to give it more time as upcoming progress will be updated to the community as soon as possible.

BitKeep Wallet Loses $8 Million Worth of Cryptocurrency to Hackers

According to blockchain security watch firm CertiK, the Multichain crypto wallet lost more than $6 million in digital currency over the latest breach. Social media users who use the services of the wallet exposure that their resources were being airdropped without any action on their part.

As stated by the BitKeep team, a preliminary investigation suggests that hackers may have hacked and installed specific APK parcel downloads with malicious programs.

It is unknown whether just one or more attackers were involved in the breach. The number of users affected is still to be determined. Singapore-based BitKeep claims to have over 6.3 million users.

The stolen cryptocurrencies include Dai, Ether, Tether, and Binance Coin. According to the latest findings from BitKeep, there is currently about $5 million in a hacker’s wallet.

A bug in the BitKeep wallet on October 17th opened the door Hackers made away with $1 million in BNB. The exploit was done using a service that allows token swaps arbitrarily. The wallet company has shut down the service and promised to compensate all affected customers.

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