A hacker managed to steal $25 million from Kronos Research, a quantitative trading firm, by gaining access to its compromised API keys. The unauthorized entity used the stolen keys to make six transactions, totaling 2,780 Ether, from a Kronos Research account to various addresses owned by the hacker. Upon discovering the breach, Kronos Research immediately halted its trading services and launched an internal investigation to track down the culprit. Despite the significant loss, the firm remains optimistic and expects to resume trading soon. This incident highlights the increasing number of crypto hacks, emphasizing the importance of thorough research before investing in projects. In the third quarter of 2023 alone, over $700 million in digital assets were lost to security incidents, surpassing the losses of the previous two quarters. It is crucial for investors to be aware of the prevalent techniques used by hackers, such as private key exploits, exit scams, and oracle manipulation.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Kronos Research, Atomic Wallet, CertiK, Cointelegraph
Currencies	Ethereum
Securities	None