Payment firm Triple-A’s hot wallets have lost more than $9.7 million spanning multiple blockchains.
On-chain analyst Specter flagged the outflows on X (formerly Twitter) earlier today. This comes amid a streak of exploits hitting crypto protocols this month.
Analyst Flags $9.7 Million Triple-A Wallet Drain
The drain spanned across TRON (TRX), Ethereum (ETH), Polygon (POL), and Arbitrum (ARB). Attackers swapped the assets and bridged them to Ethereum.
The funds now sit in one wallet, 0x01F83B5d4fb30E8AA3daC1681B4048D9135253b1. That address holds roughly 5,227 ETH, worth about $9.7 million.
“It looks like the team are not aware as deposit are not disabled and every new deposit is being drained,” Specter posted earlier today.
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A spokesperson for the firm said it is investigating and confirmed that customer funds are not affected.
“We are actively investigating the situation and will share a formal update as soon as possible. We can confirm that customer funds are not impacted,” Tatyana Chernov, head of marketing, told BeInCrypto.
On July 27, Triple-A released its official statement. The firm said attackers gained unauthorized access to wallets holding its own digital assets on July 25.
It stated that client funds were not affected because it does not custody clients’ digital assets.
“As a precaution, certain services were temporarily placed into maintenance mode for approximately three hours while we secured the affected infrastructure and completed security checks. All services have since been restored, and transactions and settlements are processing normally across all markets,” the statement read.
Meanwhile, the drain adds to a difficult stretch for crypto security. On-chain trackers have logged a string of thefts across platforms in recent days. Lookonchain counted three separate attacks on July 23 worth $35.55 million.
Those hits included AFX Trade at $24.15 million, the Verus Ethereum bridge at $7.55 million, and B2 Network at $3.86 million. This marked Verus’ second exploit since May. Attackers drained roughly $11.58 million in digital assets on May 18.
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