From BigGo Finance · BigGo Finance · · 1m
Web3Auth Disputes $6.01M Keplr Loss
Web3Auth claims $6.01M Keplr loss tally includes recovered funds from attacker wallets.
In brief
Web3Auth claims $6.01M Keplr loss tally includes recovered funds from attacker wallets. Web3Auth disputes $6.01 million loss estimate for Keplr, saying flagged transfers went to recovery wallets it controls. Originally reported by BigGo Finance.
Web3Auth disputes Keplr loss figure
Web3Auth contests $6.01 million loss estimate tied to a security incident at Cosmos wallet Keplr.
Web3Auth paused embedded-wallet service
Web3Auth paused its embedded-wallet service on November 6, and Keplr disabled Google and Apple sign-in a day later.
Recovery wallets unaffected
Recovery-phrase and hardware-wallet accounts were unaffected by the incident.
Bitquery traced $6.01M to 44,041 wallets
Bitquery traced at least $6.01 million to eight destinations across 44,041 wallets on seven chains.
Web3Auth's recovery addresses overlap
Web3Auth's published recovery addresses overlap with Bitquery's traced destinations.
No final loss reconciliation
No final loss total, return process or technical postmortem has been released.
In short
Web3Auth disputes $6.01 million loss estimate for Keplr, saying flagged transfers went to recovery wallets it controls.
