BitKeep Wallet Hack Costs Bitget Millions In Crypto Derivatives Market

A hack cost prominent crypto derivatives market Bitget millions from its non-custodial wallet BitKeep. In 2022, Bitget becomes the newest crypto platform to be hit by a DeFi flaw.

On Twitter, individuals started claiming as of December 26 that their BitKeep account had transferred money automatically and secretly. We quickly paid attention to the suspicious activity in the Bitkeep official telegram group.

In addition, The team said the hack was caused by malicious code embedded in APK packages that the wallet’s users downloaded. The hackers reportedly modified and hijacked the packages.

If your funds are stolen, the application you download or update may be an unknown version (unofficial release version) hijacked

The hackers escaped with crypto assets valued at more than $8 million. According to data acquired by on-chain analytics company PeckShield. This includes 5.4 million USDT, 196,000 DAI, 1233 ETH, and 4373 BNB, according to the OKLink data monitor.

Additionally, Web3 security company Supremacy Inc. disclosed that the hacker who took advantage of BitKeep was combining the stolen crypto assets using SideShift and FixedFloat. Both of these platforms offer switch services with ease. Additionally, the hacker has moved 70,000 DAI and 652 BNB utilising these services.

Furthermore, The BitKeep team is currently investigating the attack and advising users to move their funds to credible wallets from Google Play or the App Store.

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Additionally, we have urged users to disclose any relevant information about the hack through a Google form. The group announced that the BitKeep Security Fund will cover any losses suffered by users due to the theft.

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