IRA Financial was hacked for $36 million. On February 8, hackers stole $21 million in Bitcoin and $15 million in Ethereum from IRA Financial Trust retirement accounts.
On February 8, IRA Financial Trust tweeted that it had detected suspicious activity in some of its clients' accounts on the Gemini crypto exchange. The company sent an individual notification to all affected customers and began an investigation without providing an explanation to users.
It's been almost a week since more than $36 million in people's retirement savings were at risk. But there was no full explanation from either IRA Financial or Gemini. The funds still remain inaccessible to the owners.
Even the most basic details are unknown, such as how many accounts were compromised and who will cover their losses.
What is certain is that last Tuesday, around 5:00 pm ET, an account labeled “Benjamin Choe” began withdrawing Bitcoin, Ether, and US dollars from users’ accounts. One user said that despite multiple layers of account security, he lost 13 ETH, 1 BTC in a matter of minutes.
Gemini denies the hack, but IRA Financial Trust has acknowledged the incident and is investigating.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Huobi creates a new committee to work with the Chinese Communist Party
The Huobi Group has established a Communist Party cell in one of its subsidiaries in Beijing. The group that owns the Huobi exchange announced on its website on November 16 that it is “necessary to implement” the principles and policies of the Communist Party into private companies. The move, which is a first of its kind for the Chinese cryptocurrency space, is also aimed at gaining party support for the platform's business in the country.
Binance will give away 2,222 NFTs during promotion
Binance partners with a group of celebrities to spread knowledge about cryptocurrency tools and investments.
