Connect with us
DAPA Banner

Crypto World

Bitcoin Depot didn’t spot 50 BTC hack for three days, report

Published

on

Bitcoin Depot didn’t spot 50 BTC hack for three days, report

Bitcoin Depot Inc. reportedly failed to spot a data breach that resulted in the loss of over 50 bitcoins (BTC) worth $3.7 million for three days.

The BTC ATM operator disclosed the loss of 50.9 BTC in an SEC filing earlier this week, stating that the attacker gained access to its IT systems and its digital asset settlement accounts on March 23.

This, it says, allowed them to move the BTC from company-controlled wallets.

However, according to subsequent research from onchain sleuth ZachXBT, the breach actually occurred three days earlier on March 20.

Advertisement

“On April 6, 2026 Bitcoin Depot disclosed in an SEC 8K filing it uncovered an incident on March 23, 2026 which resulted in 50.9 BTC ($3.6M) stolen,” wrote Zach on Telegram.

“However the report did not include theft addresses so I manually traced out the incident onchain and found 19 high confidence theft addresses from March 20.

This means it took three days for Bitcoin Depot to notice the funds were missing from its business.”

Read more: Inside the $280M Drift hack: weeks of setup, minutes to drain

Zach continued, “A delta of 3.55 BTC (54.45 BTC total) vs 50.9 BTC reported was found indicating other employee personal accounts may have also been impacted.

Advertisement

“54 BTC ($3.7M) flowed to KuCoin, a crypto exchange increasingly used by illicit actors. 

“At the time of my post the theft addresses still have not been reported in any compliance tools I use.”

According to the SEC filing, Bitcoin Depot is continuing to investigate the nature and scope of the incident with the assistance of unnamed “third-party specialists.”

It also says it’s “working with its outside cybersecurity experts to further reinforce its information technology systems and to prevent future unauthorized access.”

Advertisement

It also reassures users that no customer personally identifiable information was accessed, but does add that the “investigation remains ongoing.”

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Binance Rolls out Prediction Markets for App Using Predict.fun

Published

on

Cryptocurrency Exchange, Applications, Binance, Prediction Markets

Binance Wallet has integrated prediction market features into its app, saying it will cover all trading and settlement transaction fees for users as it make a play for a piece of the $20 billion market.

In a Thursday notice, Binance said it will launch probability-based markets as a feature on the company’s app through an integration with third-party platforms, starting with Predict.fun. According to the crypto exchange, the integration will be “gasless,” with the company sponsoring fees for trades and settlements on the BNB Smart Chain.

Cryptocurrency Exchange, Applications, Binance, Prediction Markets
Source: Binance

Prediction market platforms like Kalshi and Polymarket offer users the chance to take a position on the outcome of events in a variety of topics, including politics and sports. The latter has put those platforms in the sights of multiple US state authorities who have filed lawsuits for allegedly violating state gaming laws by offering sports bets.

Binance’s integration is the latest example of a crypto platform moving deeper into prediction markets despite some of the more controversial bets on the platforms. Polymarket, for example, has offered users contracts on events related to US-Israeli military actions against Iran.

Related: DOJ and CFTC seek halt to Arizona action against Kalshi

Advertisement

According to data from TRM Labs, the monthly transaction volume across prediction markets platforms reached $20 billion in January — a twenty-fold increase from levels seen in early 2025.

Kalshi co-founder denies Trump son is influencing US regulators

While state-level gaming authorities pursue the platforms in court, the US Commodity Futures Trading Commission (CFTC) has claimed it has “exclusive jurisdiction” to oversee prediction markets. Amid challenges by federal regulators to state actions, ties between some of the companies and the current US administration have stoked concerns among industry leaders and lawmakers about conflicts of interest.

In an Axios interview released on Thursday, Kalshi CEO Tarek Mansour and co-founder Luana Lopes Lara addressed questions about conflicts due to hiring US President Donald Trump’s son as a strategic adviser shortly before his father took office. 

“We have never asked for any favors […] and he has never done anything, any regulatory ask, nothing like that,” said Lara, referring to Donald Trump Jr. using his connections to the US government.

Advertisement

Magazine: Anger grows over Polymarket bets on Iran war: ‘Dystopian death market’