⚡ Kronos Research Suffers $25M Hack
posted 19 Nov 2023
Taipei-based Kronos Research, a prominent trading firm and market maker,
faced a significant security breach. Hackers accessed the firm's API
keys, leading to an estimated loss of $25 million in ether, as reported
by blockchain researcher ZachXBT.
This incident prompted Kronos to halt all trading activities, impacting
liquidity on Woo X exchange, where Kronos is a key market maker.
While trading and withdrawals have resumed on Woo X, Kronos is working
to restart its operations soon. The firm stated that the loss doesn't
represent a major part of their equity.
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