BitKeep unveils redemption portal for victims of Swap hack

1 year ago

Bitkeep, a starring multi-chain crypto wallet, has unveiled a redemption website for victims of its caller exploitation. The task issued the update successful an Oct. 21 blog post

You whitethorn cognize that BitKeep Swap was hacked connected Oct 18, 2022 and resulted successful plus nonaccomplishment for immoderate BitKeep users.

With afloat compensation promised, we person launched a redemption portal for this matter. 👇https://t.co/e46fsQMNFV

— BitKeep Wallet (@BitKeepOS) October 21, 2022

The protocol had earlier promised to compensate each unfortunate of the exploitation. Bitkeep hopes to cipher the magnitude of USDT redemption done its caller redemption website based connected the hacker’s selling price.

According to the crypto wallet firm, it has already compiled a database of victims based connected on-chain information of that period. As announced, victims volition person redemption wrong 24 hours aft filing claims. In the meantime, it urges them to assistance successful tracking down the hacker and recovering their losses.

Further, the DeFi protocol volition relay an in-app connection to each onslaught victim, urging them to power to the wallet that suffered loss, cheque their messages, and pat “View Details” to sojourn the portal and record a claim.

Also, BitKeep has partnered with celebrated blockchain information firms SlowMist and Cobo to execute a information upgrade jointly. As a effect of this upgrade, Bitkeep expects to supply amended services and fortify information successful the crypto space.

Attack connected Bitkeep

The hack of the Bitkeep wallet unfolded early this week, resulting successful the nonaccomplishment of assets for immoderate users connected BNB Chain and Polygon. As per reports from Peckshield, Over $1 million was mislaid to the attack. 

According to the wallet protocol, the hacker compromised the swap relation of the crypto wallet, causing the onslaught to unfold connected the BNB chain. To minimize the damages, Bitkeep temporarily halted its swap services. The DeFi protocol believed the determination would forestall a recurrence of specified exploitation. The Bitkeep squad affirmed that it is moving with information agencies to seizure the hacker.

Meanwhile, BitKeep runs arsenic “the azygous largest Web3.0 multi-chain crypto wallet successful Asia.” Recently, it has established galore strategical partnerships with the world’s apical 30 mainnets, including Ethereum, Polygon, Solana, and BNB Chain.

The station BitKeep unveils redemption portal for victims of Swap hack appeared archetypal connected CryptoSlate.

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