BitKeep Wallet Suffers Security Breach, Users Report Loss of Funds

Key Points:

  • BitKeep, a widely used cryptocurrency wallet, experienced a security breach that resulted in the loss of millions of dollars worth of digital assets for its users.
  • The company is currently investigating the matter and has committed to compensating users for their losses.

1 - 2 minute read

On December 26, 2022, it was reported that the BitKeep wallet suffered a security breach, resulting in the theft of approximately $3 million in funds from user accounts. BitKeep, a decentralized multi-chain cryptocurrency wallet with over 8 million users worldwide, has stated that it is investigating the matter and has committed to compensating the entire loss if the mistake was on its platform.

This is not the first time that BitKeep has faced such an attack. In October 2022, the wallet was targeted by bad actors who managed to steal a portion of BNB, which was then transferred to Tornado Cash in the form of 100 BNB each to complete the set for a total of 4,300 BNB, worth approximately $1.18 million. BitKeep compensated users for the loss at the end of October.

Beosin Blockchain Security is reportedly investigating the recent BitKeep attack. The security firm specializes in smart contract audits, the recovery of stolen cryptocurrency, and risk monitoring.

It is important for all cryptocurrency users to remember the risks associated with holding digital assets and to always prioritize the security of their wallets. This is particularly relevant in light of the recent attack on, in which hackers stole over $24 million worth of cryptocurrency. It is essential for users to take steps to protect their assets, such as enabling two-factor authentication and carefully researching the security measures of their chosen wallet.

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