{"id":87245,"date":"2023-11-20T09:39:39","date_gmt":"2023-11-20T07:39:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87245"},"modified":"2025-09-13T10:35:41","modified_gmt":"2025-09-13T07:35:41","slug":"hacker-siphons-off-25-million-from-kronos-research-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hacker-siphons-off-25-million-from-kronos-research-platform\/","title":{"rendered":"Hacker siphons off $25 million from Kronos Research platform"},"content":{"rendered":"<p>The Taiwanese trading firm Kronos Research said the attack resulted in the attacker siphoning off an &#8216;insignificant portion of its capital&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In the interest of transparency<br \/>Around 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are not a significant portion of our equity and we aim to resume trading as soon as possible.<\/p>\n<p>\u2014 Kronos Research ? (@ResearchKronos) <a href=\"https:\/\/twitter.com\/ResearchKronos\/status\/1726013733888041376?ref_src=twsrc%5Etfw\">November 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On-chain sleuth ZachXBT, commenting under the company&#8217;s X post, said that potential losses amounted to around ~$25 million in Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sorry should be $25M not $20.3M****<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1726016901770367372?ref_src=twsrc%5Etfw\">November 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Kronos representatives, the attack occurred due to unauthorized access to API keys. The company paused trading for the duration of the investigation.<\/p>\n<p>The shutdown of operations led to problems on the WOO X exchange, founded and run by Kronos.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It looks like people are having trouble on <a href=\"https:\/\/twitter.com\/_WOO_X?ref_src=twsrc%5Etfw\">@_WOO_X<\/a>! We\u2019ll update you if we know more!<\/p>\n<p>ft: <a href=\"https:\/\/twitter.com\/trading_peter?ref_src=twsrc%5Etfw\">@trading_peter<\/a>, <a href=\"https:\/\/twitter.com\/yohanandz?ref_src=twsrc%5Etfw\">@yohanandz<\/a>, <a href=\"https:\/\/twitter.com\/cryptodreams11?ref_src=twsrc%5Etfw\">@cryptodreams11<\/a>, <a href=\"https:\/\/twitter.com\/panda___yang?ref_src=twsrc%5Etfw\">@panda___yang<\/a>, <a href=\"https:\/\/t.co\/1OgZbrDEuO\">pic.twitter.com\/1OgZbrDEuO<\/a><\/p>\n<p>\u2014 Smol News (@NewsInSmol) <a href=\"https:\/\/twitter.com\/NewsInSmol\/status\/1726006833624613332?ref_src=twsrc%5Etfw\">November 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trading platform later said that user funds were safe.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Status update<br \/>\u2014 First and foremost, all client assets are safe<br \/>\u2014 TLDR our largest liquidity provider Kronos Research recently experienced a hack that caused them to pause all trading on WOO X<br \/>\u2014 Since Kronos Research is the primary liquidity provider for spot markets and around\u2026 <a href=\"https:\/\/t.co\/sDR8QHvmZC\">https:\/\/t.co\/sDR8QHvmZC<\/a><\/p>\n<p>\u2014 WOO X (@_WOO_X) <a href=\"https:\/\/twitter.com\/_WOO_X\/status\/1726016400894898232?ref_src=twsrc%5Etfw\">November 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs Kronos Research is the main liquidity provider for spot markets and around 40% for perpetual futures, we have temporarily paused trading via WOO X to protect user positions,\u201d the project\u2019s representatives explained.<\/p>\n<\/blockquote>\n<p>A few hours after the announcement, trading across all pairs resumed.<\/p>\n<p>Earlier ZachXBT <a href=\"https:\/\/u1f987.com\/en\/news\/expert-suspects-2-million-theft-from-coinspot-exchange-after-hack\">suspected<\/a> the theft of 1,282 ETH (~$2 million at the time of the attack) from the CoinSpot exchange as a result of a hacking incident.<\/p>\n<p>In November, on-chain analyst <a href=\"https:\/\/u1f987.com\/en\/news\/expert-reports-27-million-crypto-wallet-hack\">reported<\/a> a $27 million hack of a crypto wallet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwanese trading firm Kronos Research said the attack siphoned off an &#8216;insignificant portion of its capital&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":87246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44],"class_list":["post-87245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87245"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87245\/revisions"}],"predecessor-version":[{"id":87247,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87245\/revisions\/87247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87246"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}