Triple-A financial wallet hacked, resulting in a loss of approximately 11.8 million dollars

According to Cointelegraph, Singapore-based stablecoin payment company Triple-A confirmed that its financial wallet was accessed without authorization, with on-chain investigator Specter estimating the loss to be around $11.8 million.

The company stated that customer funds are held in independent trust accounts and were not affected by this incident, with the related losses to be borne by the company's own financial reserves. Currently, Triple-A has restored all services and is working with cybersecurity experts, blockchain forensics agencies, and the Singapore Police Force to investigate and track the stolen assets.