Cryptocurrency
[loss] $60M+
"Alphapo hot wallets drained for $23 million, HypeDrop disables withdrawals"
Primary Source ↗Financial Loss
$60.0M
(60,000,000 USD)
Blockchain(s)
Ethereum, Bitcoin, Tron
Incident Details
The crypto payment processor Alphapo suffered a hot wallet hack on July 22 in which at least $60 million in Ethereum, Tron, and Bitcoin was stolen. Alphapo processes payments for several gambling platforms including HypeDrop, Bovada, and Ignition.HypeDrop disabled withdrawals on their platform, and wrote on Twitter that they were experiencing “ongoing deposit and withdrawal issues” due to “an issue on the cryptocurrency provider’s side.”
Total loss estimated at $60,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Alphapo
Timeline
- 2023-07-22 Breach occurred
- 2023-07-22 Publicly disclosed