- Triple-A confirmed unauthorized access to its treasury wallets on Saturday, leading to the loss of company-owned digital assets.
- The stablecoin payments firm stated client funds were unaffected, as they are held separately in trust accounts with safeguarding institutions.
- Onchain investigator Specter estimated the losses at approximately $11.8 million, though Triple-A did not disclose the exact amount or breach method.
Stablecoin payments company Triple-A confirmed on Monday that unauthorized access to its treasury wallets on Saturday resulted in the loss of company-owned digital assets. The Singapore-based firm temporarily placed certain services into maintenance mode for about three hours while it secured the affected infrastructure.
The company said client funds were not affected because it does not custody digital assets on behalf of customers. It keeps client funds separately in trust accounts with safeguarding institutions.
Triple-A did not disclose the amount lost or explain how the wallets were compromised. Onchain investigator Specter previously estimated the losses at about $11.8 million. Consequently, the financial impact will be absorbed through the company’s treasury reserves.
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