BitKeep users fall victim to $8M hack

BitKeep Wallet users lost $8 million due to downloading a hacked APK version. The community feels somewhat shady.

2022, the year that saw the most DeFi hacks, is about to end. But the hackers are determined to siphon off even more of users’ funds during the holiday season. BitKeep announced on its official Telegram channel that hackers hijacked some APK package downloads.

The announcement read, “If your funds have been stolen, the application you downloaded or updated may be an unknown version (unofficial release version).” The team recommends that users of the APK version transfer their funds to a wallet downloaded from an official store such as the App Store or Play Store.

The team promised full compensation if the platform caused any property damage. They released a Google Form to collect relevant information from users affected by the hack.

BitKeep Wallet Users Lost $8 Million

BitKeep users first reported unusual activities with their wallets on the Telegram group yesterday. One user complained that their funds were being automatically sent to a wallet address, โ€œ0x66bfda9595c5d70880b142f1f6c6c0fab63e2491.โ€ Later today, several more users complained about automated transactions.

PeckShieldAlert, a blockchain security and analytics company, reported on Twitter that hackers stole $8 million worth of assets. The assets include 4373 Binance Coin (BNB), 5.4 million USDT, 196,000 DAI and 1233.21 Ethereum.

2022, the year of DeFi hacks

According to Defilama, hackers made more than $3 billion this year. in the end, they exploited Over $718 million from DeFi protocols in October, making it the biggest month in the year for crypto hacking activities.

defi hack 2022
Source: Defilama

Every other day, some report of a DeFi hack hits the headlines. With this frequency of hacks, the community has to wonder whether the protocols deliberately leave their security settings low.

In addition, members of the community Reported Even those who downloaded the official version of BitKeep Wallet suffered from the hack. Is someone lying here?

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BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.

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