Data leak [loss] $15M+

Tweet thread by 3Commas CEO and founder Yuriy Sorokin

2022-12-28 [vendor] 3Commas API key leak
Primary Source ↗
Financial Loss $14.8M (14,800,000 USD)
Affected 44 individuals/accounts

Incident Details

In October, several people reported losing more than a million dollars each from accounts that were connected to the 3Commas trading platform. 3Commas vociferously denied that there was any security breach of their crypto trading service, instead claiming that some of their users were at fault for being phished and having assets stolen. Now that someone has published the API key database that was exfiltrated from 3Commas, however, the company has finally owned up to the breach. They confirmed the data in the files was legitimate on Twitter, and wrote that they had contacted Binance, Kucoin, and other exchanges with whom they integrate to ask them to revoke all API keys connected to 3Commas.3Commas did not come off looking very good after this incident, after they spent weeks denying any breach and accusing those who were concerned 3Commas had been compromised of spreading misinformation and “FUD”.Researcher zachxbt wrote that he had verified 44 victims who had lost a combined $14.8 million due to the leak, although he acknowledged that this was only the number of people he could verify and that the total number of people affected was likely much higher.

Total loss estimated at $14,800,000.

Technical Details

Initial Attack Vector
On-chain theft (attributed by zachxbt)
Vendor / Product
3Commas API key leak

Timeline

  1. 2022-12-28 Breach occurred
  2. 2022-12-28 Publicly disclosed