On 18 November 2023, Kronos Research announced, via social media platform X, that unauthorized access to their API resulted in a loss of approximately $26 million. The incident isn’t a typical private key compromise which often refers to the private key of a victims wallet, but instead was due to a API private key compromise. Whilst there are differences between the two, this incident resulted in the victim losing control of their funds. Since the API keys belonging to Kronos Research were compromised, we are classifying this incident as a private key compromise, which have seen $134 million lost in November alone.
11/20/2023