Coindesk Logo

Crypto Wallet BitKeep Hacked for $1M in BNB Chain, Polygon Tokens

Crypto Wallet BitKeep Hacked for $1M in BNB Chain, Polygon Tokens

Crypto Wallet BitKeep Hacked for $1M in BNB Chain, Polygon Tokens

BitKeep will launch a compensation portal within three days and says it will reimburse 100% of the tokens stolen from users.

BitKeep will launch a compensation portal within three days and says it will reimburse 100% of the tokens stolen from users.

BitKeep will launch a compensation portal within three days and says it will reimburse 100% of the tokens stolen from users.

AccessTimeIconOct 18, 2022, 2:07 PM
Updated Oct 18, 2022, 2:45 PM
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto wallet BitKeep was hacked for over $1 million worth of BNB Chain and Polygon-based tokens during early Asian hours on Tuesday, developers said.

BitKeep supports tokens from more than 30 blockchain networks such as Ethereum, Polygon, Solana and BNB Chain and claims to have more than six million users.

The wallet’s Swap product was hacked early on Tuesday.

“Our development team managed to contain the emergency and stopped the hacker,” the team said in a tweet Tuesday morning, adding that it will compensate all user losses.

At time of this writing, the Swap service was paused to avoid further security breaches.

BitKeep said it will launch a compensation portal within three working days for all victims to apply for a refund. The team added it was in contact with relevant security agencies in an attempt to catch the attackers behind the incident.

The attack is the latest in a long list of exploits this month. October has already become the worst month ever for attacks in the history of cryptocurrencies.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.