Taipei trading firm Kronos Research posted on X that there was unauthorized access to its API keys on Saturday, but the losses were “not a significant portion of our equity.”

<blockquote className="twitter-tweet"><p lang="en" dir="ltr">In the interest of transparency<br />Around 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are not a significant portion of our equity and we aim to resume trading as soon as possible.</p>— Kronos Research 🟠 (@ResearchKronos) <a href="https://twitter.com/ResearchKronos/status/1726013733888041376?ref_src=twsrc%5Etfw">November 18, 2023</a></blockquote> 

Kronos paused all trading after the hack but said it is working to resume operations.

In a later post, Kronos confirmed losses of about $26 million in crypto assets. It also assured clients that the company “remains in good standing” and the losses will be covered internally.

Crypto exchange WOO X, founded by Kronos co-founders Jack Tan and Mark Pimentel, temporarily paused trading to protect users from a lack of liquidity.

It [said](https://twitter.com/_WOO_X/status/1726016400894898232), “Since Kronos Research is the primary liquidity provider for spot markets and around 40% for perpetual futures, we have temporarily paused trading across WOO X to protect user positions from lack of liquidity.”

Operations for WOO X, including withdrawals, resumed within the day.

It lost about $26 million in crypto assets.


Mon Nov 20 2023 Taiwanese Trading Firm Kronos Research Hacked

Mon Nov 20 2023

Taiwanese Trading Firm Kronos Research Hacked