Crypto Wallet BitKeep Hit With $8 Million Exploit

December 26, 2022

MCP News Free

Crypto Wallet BitKeep Hit With $8 Million Exploit

Share and Get Popular🚀

While the BitKeep team is busy celebrating Christmas, hackers are busy draining their wallets and about $8 million in various cryptocurrencies have been drained from users’ wallets.

According to the BitKeep team’s preliminary investigation, the APK package downloads with malicious codes were hijacked and installed by the exploiters.

Android Package, also known as APK is the file format for android users that is used to distribute and install APK applications. Often available outside Google Play, APKs allow users to install apps on their Android phones from third-party sources, which, in turn, may result in higher security risks.

“If your funds are stolen, the application you download or update may be an unknown version (unofficial release version) hijacked,” the BitKeep team wrote in its official Telegram group.

Furthermore, the BitKeep team announced that users who downloaded the APK version should move their funds to a wallet downloaded from Google Play or App Store. These users are further advised to do it using a newly created wallet address because the addresses which were created via malicious APK are likely to have been leaked to the exploiters.

However, you can be ahead of other traders on Binance, Kucoin and Bybit exchanges through personal interaction with MyCryptoParadise experts, use PRO20% for your special 20% discount today as the promo expires soon. Click here to see reviews from our clients.

$8 Million in Various Cryptocurrencies Reportedly Stolen From BitKeep

According to the security firm PeckShield, an estimate of about $8 million in various crypto assets have been drained by hackers from BitKeep wallets.

#PeckShieldAlert #BitKeep reported that several users' funds were stolen, the official stated that possibly due to downloading a hacked APK version
∼$8M worth of assets have been stolen so far, including ~4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH pic.twitter.com/ZdomZGFWRO
— PeckShieldAlert (@PeckShieldAlert) December 26, 2022

A wallet address suspected to belong to one of the hackers already has up to $5 million in cryptocurrencies. As of press time, the attack is still ongoing and the amount reported is an estimate. As per the report, the cryptocurrencies involved are Tether’s USDT, DAI, ETH, and BNB.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.