Home›Crypto›Market Structure›Triple-A says it is investigating after hot wallet los…

Triple-A says it is investigating after hot wallet losses rise

The Block reports Triple-A told users customer funds are not affected as losses climbed to $11.8 million and new deposits continued being swept.

Reported · Written up by our desk · Market Structure

Triple-A is investigating an incident involving losses tied to its hot wallet, according to The Block. The outlet said the firm had not yet fully addressed the event publicly at the time of the report.

The Block reported that Triple-A stated its customer funds are not affected by the losses. The incident appears to be ongoing in the sense that new deposits continued to be swept.

The reported hot wallet losses have climbed to $11.8 million as of the latest update cited by The Block.

Triple-A did not provide a complete public explanation in the account described by The Block, while it continued its investigation.

More like this

Sources