Reported by: Alvin R Cabral

More than $8 million worth of cryptocurrency has been stolen from the wallets of BitKeep users in an apparent cyber attack, the latest exploit to hit a decentralised finance network.

BitKeep users reported through social media that their funds were being transferred without any activity on their end, online industry tracker Cointelegraph reported on Monday.

The amount could be higher as transfers were still being made at the time of the report, and it is also unclear whether the breach was from a single attacker or several.

The number of affected users is yet to be determined. BitKeep, which is based in Singapore, claims to have more than 6.3 million users.

Among the cryptocurrencies stolen are Binance Coin, Ether, Tether and Dai. The wallet of one suspected hacker now contains about $5 million, said BitKeep. A wallet is used by an account holder to securely store cryptocurrency.

BitKeep confirmed the breach in a Telegram post, after a “preliminary investigation”.

Read full report: https://www.thenationalnews.com/business/cryptocurrencies/2022/12/26/hackers-steal-8m-worth-of-cryptocurrency-from-bitkeep-wallets/