Incident Overview
Cryptocurrency payment service provider Alphapo's hot wallet stolen, $23 million lost. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first exchanged for ETH on Ethereum and then cross-chained to the Avalanche and BTC networks. Alphapo processes payments for many gaming services such as HypeDrop, Bovada, and Ignition. It is unclear how many bitcoins were stolen from Alphapo. On July 25, on-chain analyst ZachXBT tweeted that in the Alphapo hot wallet theft incident, an additional $37 million stolen on TRON and BTC due to this hack has been found. Now the total stolen from Alphapo has increased to $60 million. The hack was likely carried out by Lazarus.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.