"Bitcoin Depot disclosed that hackers stole about $3.7 million in bitcoin from company-controlled wallets after gaining access to internal credentials tied to its crypto settlement accounts."
"The company said the breach was limited to its corporate environment and did not affect customer platforms, systems or data."
"Bitcoin Depot added that it carries insurance that may cover part of the loss, but said there is no guarantee it will recover all stolen funds."
"The hack adds to a growing list of crypto-related security incidents this year, as the industry continues to grapple with thefts targeting exchanges, platforms and custodial services."
Bitcoin Depot reported a theft of about $3.7 million in bitcoin due to unauthorized access to its internal systems. The breach occurred on March 23, with hackers transferring approximately 50.9 bitcoin from company-controlled wallets. The company confirmed that customer data and systems were not affected. Following the incident, Bitcoin Depot activated its incident response protocols and engaged cybersecurity experts. The company has a preliminary loss estimate of $3.665 million and carries insurance, though recovery of all stolen funds is uncertain. The incident adds to ongoing security challenges in the crypto industry.
Read at Bitcoin Magazine
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