Cryptocurrency payment processor Alphapo hacked for $23 million

Specialist in blockchain-Safety ZachXBT first discovered hot wallet attack Ethereum, bitcoin and TRON companies.

Experts from PeckShield, a blockchain security firm, confirmed hack data. According to their report, the attackers stole 6.074 million USDT, 108 thousand USDC, 100.2 million FTN, 430 thousand TFL, 2.5 thousand ETH and 1.700 DAI, transferring all funds to address 0x040a.

During the operation, the criminals exchanged the stolen stablecoins for 5.73 ETH, which were then converted into BTC through the Avalanche Bridge. Approximately 12 million USDT and 5.2 million TRX were also withdrawn, listed consecutively on TKSitn and TDoNAZHa7.

Since Alphapo provides payment services for a number of well-known cryptocurrency playgrounds, including HypeDrop, Ignition, and Bovada, the impact of a hack could be significant.

Due to this incident, HypeDrop has temporarily suspended deposit and withdrawal operations for certain cryptocurrencies. In response to questions from users, the company attributed the issues to the actions of an unspecified third party. At the same time, HypeDrop emphasized that a third party had difficulties with BTC, ETH and TRX operations, assuring its customers that the funds are safe.