BitKeep CEO confirms company suffered $13 million hack

Key Points:

  • Hack resulted in $13 million in losses for BitKeep users
  • Private keys of users who downloaded infected Android APK are still at risk
  • BitKeep CEO urges affected users to transfer their assets to a new wallet
  • BitKeep team working with blockchain security firms to trace stolen funds and gather evidence of the hack

2 minute read

Kevin Como, CEO of popular decentralized finance wallet BitKeep, has issued a statement addressing the security incident that occurred on December 26th, resulting in the theft of over $13 million at the time of publication. In a letter published on Chinese blockchain news outlet, Como explained that the Android APK 7.2.9 installation package had been hijacked and replaced with malware, leading to the leak of users’ private keys. Como urged those who had downloaded the infected APK to transfer their assets to a new wallet, stating that it was likely their private keys had already been compromised. The BitKeep team is currently working with blockchain security firm SlowMist to trace the stolen funds and gather information about the hack.

BitKeep security incident highlights need for caution

The security incident at BitKeep serves as a reminder of the importance of being vigilant when it comes to downloading and installing cryptocurrency-related software. It is always a good idea to double-check the source and authenticity of any download links and to be cautious of any suspicious websites or unexpected prompts. Additionally, it is crucial to use strong and unique passwords for all cryptocurrency accounts and to enable two-factor authentication whenever possible. By taking these precautions, individuals can better protect themselves and their assets from potential hacks and scams.

BitKeep CEO promises updates on investigation

In his statement, Como reassured users that the BitKeep team is working around the clock to investigate the hack and gather information about the stolen funds. He also promised to provide updates on the progress of the investigation and any steps being taken to prevent future incidents. It is essential for cryptocurrency companies to be transparent and responsive in the wake of security breaches, as this can help to restore user confidence and prevent further losses.

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