November 30, 2023

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Kronos Research halts trading amid $25M API key hack investigation

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Kronos Research halts trading amid M API key hack investigation

A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys.

On Nov. 19, Kronos Research 

The rising number of crypto hacks warrants that investors conduct extensive research on projects they intend to invest in.

Blockchain security firm CertiK recently revealed Q3 2023 as the most “damaging” quarter for crypto.

Incident counts and amount lost in Web3 security incidents in Q3 2023. Source: CertiK

Private key exploits, exit scams and oracle manipulation were the most prevalent techniques used for hacking crypto ecosystems. Over $700 million in digital assets was lost to various security incidents in Q3 2023, surpassing first-quarter losses of $320 million and second-quarter losses of $313 million.

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