Alphapo Crypto Wallet drained for $23m 

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 key takeaways:

  • According to ZachXBT, the cryptocurrency payment gateway Alphapo was hacked for $23 million in various digital assets during the early hours of morning.
  • This occurrence seems to have had an effect on HypeDrop, a cryptocurrency gambling platform, which has halted withdrawals and deposits for specific assets.

In the fast-paced world of cryptocurrencies, security is paramount. Unfortunately, not all investors and crypto enthusiasts are immune to the risk of cyber attacks. Recently, a shocking incident unfolded when the Alphapo Crypto Wallet was drained of a staggering $23 million worth of digital assets.

Alphapo, a prominent crypto payments processor responsible for handling payments for various gambling services like HypeDrop, Bovada, Ignition, and others, recently fell victim to a severe cyber attack.

According to ZachXBT, a reputable on-chain investigator, the platform’s hot wallets were compromised, resulting in the theft of a substantial sum, estimated to be at least $23 million.

 Notably, the stolen funds on the Ethereum blockchain were cleverly converted into ether, which was then transferred through the Avalanche network before eventually being exchanged for Bitcoin.

The project’s verified Twitter account responded many times, informing clients that their supplier was working to resolve some recent issues on their end. It confirmed that there are some issues with BTC, ETH, and TRX withdrawals, as well as ETH and TRX deposits.

 However, the team intends to closely monitor the situation and give updates as additional information becomes available. Meanwhile, the initiative has guaranteed its consumers that their monies are safe even if their payment has been delayed. 

The recent security breach at Alphapo, where their hot wallets were compromised, and funds amounting to at least $23 million were stolen, appears to have affected the corporate accounts of businesses the company was associated with. 

These funds are believed to have been primarily connected to platforms operating in the entertainment and gambling sectors, for which Alphapo provided payment processing services. 

However, if you do not transact on platforms related to entertainment or gambling that utilize Alphapo’s services, you may not need to be immediately concerned.

 Nonetheless, it is essential to remain cautious and vigilant about the security of your digital assets, regardless of the specific platforms you use for crypto transactions.

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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