The hot wallet of crypto payment firm Alphapo has been reset.
According to crypto detective ZachXBT, Alphapo wrote that $23 million was melted. According to ZachXBT, this amount in the hot wallet is completely gone.
ZachXBT’s new report made a different claim
According to the report by ZachXBT, the total value of crypto assets such as Ethereum, Tron and Bitcoin in hot wallets of crypto payment processor Alphapo is estimated at at least $23 million. In this case, one of Alphapo’s customers, HypeDrop, has temporarily suspended withdrawals.
According to the report, Alphapo, a crypto payment processor that processes payments for HypeDrop, Bovada, Ignition and other gambling services, has seen at least $23 million in crypto holdings run out in Ethereum, Tron and Bitcoin in its hot wallets.
Also, On-chain detectives noted that stolen Ethereum funds were exchanged for ether before being linked to Avalanche and Bitcoin. However, the amount of Bitcoin stolen from Alphapo still remains unclear.
HypeDrop is working hard to resolve the issues and has confirmed that it is working to provide updates to users. They stated that they are actively following the problems related to payments and that they will update users when more information comes. For payments that users may have been affected by, they stated that the money is safe.
While the details of the situation have not yet been fully clarified, it seems that crypto processors such as Alphapo and HypeDrop may have caused concern among their users. More information on the incident is expected to be released.
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