Bitcoin Depot (NASDAQ: BTM) disclosed that hackers stole roughly 50.903 bitcoin—about $3.6 million—after obtaining credentials for its digital asset settlement accounts following an intrusion detected on March 23. The company says the breach was confined to its corporate environment, is still under investigation with a preliminary loss estimate of $3.665 million, and may incur reputational, legal, incident response, and regulatory costs while exploring insurance recovery. #BitcoinDepot #Drift
Keypoints
- Bitcoin Depot detected an intrusion into its IT systems on March 23.
- Attackers used settlement account credentials to steal approximately 50.903 BTC (about $3.6M).
- The company states customer platforms and data were not affected and the incident was contained to its corporate environment.
- Bitcoin Depot recorded a preliminary estimated loss of $3.665 million and may face additional reputational, legal, and regulatory costs, with insurance coverage uncertain.
- Bitcoin Depot previously disclosed a 2024 data breach impacting over 26,000 individuals, and the incident follows other high-profile crypto attacks such as the Drift exploit.
Read More: https://www.securityweek.com/3-6-million-stolen-in-bitcoin-depot-hack/