Triple-A hot wallet losses climb to $11.8 million as new deposits keep being swept: report
The Block·
60-second summary
Triple-A hot wallet losses are reported to have climbed to $11.8 million, with new deposits being swept into the affected wallets, according to a recent report. Triple-A is investigating the incident, stating that customer funds remain unaffected, but has not provided a full public explanation. This raises concerns about the security of hot wallets in the industry.
Triple-A said it is investigating and that customer funds are not affected, though it has not fully addressed the incident publicly.