Cryptocurrency
[loss] 3.6B+
"Africrypt brothers deny involvement in Bitcoin 'heist' "
Primary Source ↗Financial Loss
$3.60B
(3,600,000,000 USD)
Blockchain(s)
Bitcoin
Incident Details
The two founders of a South Africa-based crypto investment firm called Africrypt claimed they had been hacked, and all assets had been stolen. The duo disappeared as legal action began, and as skepticism grew as to the veracity of that story.
Total loss estimated at $3,600,000,000.
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- Africrypt exit
Timeline
- 2021-04-13 Breach occurred
- 2021-04-13 Publicly disclosed