Security· ★★★· bearish·

Dutch bitcoin firm Bitonic hacked, bitcoin stolen from three customers

  • —Attackers exploited a vulnerability that has since been patched
  • —Login credentials were changed on two of the three affected accounts
  • —Hot wallets were taken offline as a precaution; cold wallets untouched
  • —Bitonic cannot rule out that other customers' personal data was viewed
Why it matters: The breach at a custodial bitcoin service highlights counterparty risk and could push users toward self-custody.
Source: Crypto Insiders