Kronos Research

Kronos Research halts trading after $25M API key hack

November 19, 2023
Attack Types: 
Private Key Leak
Entity Types: 
DeFi
Target Entities: 
Kronos Research

Summary # On November 19, 2023, Kronos Research, a Taipei-based cryptocurrency trading and investment firm, was targeted by a hacker who stole over $25 million from the firm’s treasury using unauthorized API keys. This breach enabled the attacker to access the company’s blockchain wallets and conduct unauthorized transactions. The attack’s impact extended beyond Kronos Research, affecting Woo X, an exchange closely affiliated with Kronos Research. As Kronos Research was a major liquidity provider for Woo X, the security incident led to a temporary suspension of certain asset pairs on Woo X due to a liquidity shortage. ...