Cyberattacks have become so normal that we are constantly reporting on them. In the first six months of 2025, we have already begun to see some major cyberattacks resulting in billions of dollars in losses. The latest victim of a cyberattack is BitPro, a Taiwan-based Company.
BitPro just confirmed to CoinDesk that it has suffered a major cyberattack on one of the company’s old wallets. The losses from the attack are estimated to be around $11 million. However, the company made amends and restored the siphoned assets within a matter of a few hours, thereby minimizing the losses.
According to the source, the breach began on May 8th during an update. ZachBXT, an online crypto sleuth, first flagged the breach. According to the sleuth, the funds were laundered through several shell accounts before being deposited into the Wasabi Wallet.
However, Wasabi Wallet did share its side of the story, suggesting, “BitoPro recently experienced a cyberattack on an old hot wallet during a wallet system upgrade.” The chain further elaborated, pointing out, “Upon detection, we quickly launched an emergency response, securing assets by moving them to new wallets and blocking the attacker.”
As of now, both companies have implemented their contingency plans to ensure user safety and security. Still, the incident does raise security concerns regarding cyberattacks and the overall security of blockchain.
