Posted 11/19/2023, 1:30:00 PM
Crypto Firm Kronos Loses $25 Million in Hack, Aims to Resume Trading Soon Despite Major Exploit
- Kronos Research crypto firm lost $25 million in a hack due to unauthorized API key access
- The hack halted Kronos' trading for the first time since 2018, but they aim to resume operations soon
- Kronos says partners will not be affected and they have resources to continue servicing exchanges
- The crypto industry has seen several recent hacks like the Yearn Finance pump and dump
- Kronos is confident they will bounce back stronger despite the exploit of $25 million worth of crypto