BitFinex Hack

REPORTED LOSS $332K
Low Access Control bitcoin

What happened

BitFinex’s hot wallet has been compromised. The hack may have resulted in the loss of only 0.5% of the total funds.

“Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our customer cease depositing cryptocurrency to old deposits addresses. We are in the process of creating a new hot wallet and will advise within the next few hours. Although this incident is unfortunate, its scale is small and will be fully absorbed by the company. Thanks a lot for your patience and comprehension. Bitfinex Team.” - Bitfinex team stated.

The hacker's address:

https://www.blockchain.com/btc/address/17owg8RWb73qfE5HeQk6gg6RAgEUfxPXks

Case & protocol details

Classification CeFi / Key Compromise
Protocol Type CEX
Official Website www.bitfinex.com/
Protocol Twitter/X @bitfinex

Evidence & learning

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