Multichain

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">BitKeep <a href="https://twitter.com/BitKeepOS/status/1641018030506508288" target="_blank" aria-label="said (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">said</a> it had compensated users affected by the <a href="https://tokenist.com/hackers-steal-8m-from-bitkeep-users-using-hijacked-apk-app/" rel="dofollow" class="deco-link">$8 million hack</a> in December 2022. The multichain wallet also said it would rebrand to Bitget Wallet after receiving a $30 million investment from the namesake crypto exchange last week.</p>



<h3 id="bitkeep-reimburses-all-11-090-wallets-affected-by-the-december-exploit">BitKeep Reimburses All 11,090 Wallets Affected by the December Exploit</h3>



<p>Multichain crypto wallet BitKeep said it had fully reimbursed users affected by the $8 million exploit late last year. According to BitKeep’s tweet, 11,090 wallets have been compensated as of March 29. BitKeep also said its customer channels would be open to help process potentially “irregular” claims.</p>



<blockquote class="wp-block-quote">
<p>“We have successfully compensated all eligible users who had their funds compromised due to an unprecedented external attack in late 2022. In the future, we will be working closely with Bitget and continue to upgrade existing security measures and protocols.”</p>
<cite>&#8211; BitKeep&#8217;s Twitter Announcement.</cite></blockquote>



<p>The move comes after hackers swapped the 7.2.9. Android Package Kit (APK) update for BitKeep on Dec. 26, 2022, causing users who downloaded the malware to lose $8 million in funds. According to PeckShieldAlert, most of the stolen assets were in Ether, BNB, DAI, and USDT.</p>



<p>Since the hack mainly occurred due to the unofficial APK package downloads, the app’s original versions on the App Store and Play Store remained safe. Following the exploit, BitKeep urged users to transfer their funds to its Chrome wallet or the wallet downloaded from official mobile stores.</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="bitkeep-rebrands-to-bitget-wallet-following-a-30m-investment">BitKeep Rebrands to Bitget Wallet Following a $30M Investment</h3>



<p>Meanwhile, BitKeep also announced a rebrand of its wallet after nabbing a <a aria-label="$30 million investment (opens in a new tab)" href="https://www.globenewswire.com/news-release/2023/03/28/2636179/0/en/Bitget-Invests-30M-In-Multi-Chain-Wallet-BitKeep-Valued-At-300M-Becoming-Its-Controlling-Stakeholder.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">$30 million investment</a> last week from the Bitget crypto derivatives exchange, taking its valuation to $300 million. As part of the rebrand, BitKeep will change its name to Bitget Wallet and update its logo, app, and website “to deliver a more uniform visual presence as part of the Bitget ecosystem.”</p>



<p>Furthermore, BitKeep said it plans to improve its security infrastructure by making the pre-release review process more strict, partnering with security audit firms like Certik, adding MP5 verification for APK packages, and supporting hardware wallet providers like Keystone.</p>



<p>As part of the integration, the multichain wallet will also gain access to Bitget’s $300 million <a aria-label="Bitget User Protection Fund (opens in a new tab)" href="https://cio.economictimes.indiatimes.com/news/digital-security/bitget-launches-crypto-custody-service-to-maximize-security/97077484#:~:text=In%202022%2C%20Bitget%20launched%20multiple,for%20its%20user%20asset%20reserves." target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Bitget User Protection Fund</a> in case of similar security risks. The crypto industry <a href="https://tokenist.com/a-record-3-7b-was-stolen-in-crypto-hacks-in-2022-defi-most-targeted/" rel="dofollow" class="deco-link">lost $3.7 billion</a> due to hacks throughout 2022, 80% of which were attacks associated with decentralized finance (DeFi).</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=zw3Wv"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>



<p><em><strong>How can DeFi become safer for users, in your opinion? Let us know in the comments below.</strong></em></p>
<p>The post <a rel="nofollow" href="https://tokenist.com/bitkeep-reimburses-users-affected-by-8m-hack/">BitKeep Reimburses Users Affected by $8M Hack</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

BitKeep Reimburses Users Affected by $8M Hack

Table of Contents

TokenInsight

Alte articole publicate pe 29 mar. 2023

Why CFTC is Chasing Binance? Will CZ Get Arrested? | Coin Gabbar News

FTX Ex-CEO SBF Reaches Agreement on Revised Bail Terms With Prosecutors

Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore

Get ahead in crypto trading with CryptoBulls, thanks to WEWE Global

NFT Certification Protocol Wakweli Collaborates with Polygon to Create a Safer Web3 Space

To be or not to be: Ethics, democracy and morality in the nascent metaverse

Join our free newsletter for daily crypto updates!