🚨 @BitKeepOS Wallet Hacked for $8 Million.

Another Defi Exploit 👇

#BitKeep #Hacked
1. In October, another hack on BitKeep wallet resulted in the attacker escaping with $1 million worth of BNB.

Bitkeep then shut down all the token swaps services and promised to compensate all impacted customers.

#crypto #hack
2. How?

The Bitkeep team reported that the attack was caused by malicious code being injected into the Bitkeep app due to the APK hijacking of version 7.2.9.

Some users have claimed they received suspicious emails encouraging them to download an updated wallet.

#defi #exploit
3. What's next?

Transfer your funds to other wallets and uninstall any unofficial Bitkeep App that was installed from unauthorized sources, until further notice by the Bitkeep team.

#StaySafe Image

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More from @maxyamp

Dec 27
Another CeFi platform #Midas Investments @Midas_platform is shutting down with a $63.3 million hole in the balance sheet.

blog.midas.investments/midas-closure-…

Read the full thread about what happened:

#MidasInvestments
1. Midas Investments launched in 2021 as a Ce(De)Fi app that delivers a fixed yield on cryptocurrencies.

It was one of the few products that delivered a very high yield on BTC, ETH, and stablecoins.

BTC - 17% APY
ETH - 23% APY
USDT/USDC - 19% APY
2. The problem with such CeFi fixed yield products is transparency. As a user, you never know where the yield is coming from

According to the founder, the source of the Midas yield was the "Algo" and DeFi

There is not much info on the Algo apart from that it's "trending"
Read 23 tweets

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