Triple-A Hot Wallets Drained of $9.7 Million Across Six Chains: Heres What Peckshield Found
Key TakeawaysTriple-A lost over $9.7 million from hot wallets across six chains, per Peckshield.The attacker bridged proceeds to Ethereum, consolidating roughly 5,227 ETH in one address.Triple-A had issued no public statement more than eight hours after the breach was flagged. Onchain Investigator Flags the Breach First Onchain investigator Specter first reported the incident. According to a Peckshield alert published Saturday, wallets tied to Triple-A, a Singapore-based fiat-to-crypto payment gateway, had been drained of funds across Ethereum, Tron, Polygon, Arbitrum, Solana and The Open Network (TON). Triple-A operates payment infrastructure that lets merchants accept cryptocurrency and settle in fiat currency, meaning its hot wallets hold a rotating pool of customer funds and liquid stablecoins to process transactions quickly. Hot wallets stay connected to the internet for speed, a tradeoff that makes them more exposed than offline cold storage. Onchain data reviewed by security researchers shows the attacker swapped stolen stablecoins and other liquid assets on decentralized exchanges before bridging the proceeds to Ethereum. The funds landed in a single address beginning with 0x01F8, which held roughly 5,227 ETH, worth about $9.7 million, as of Saturday. Image source: X The consolidated wallet received the stolen assets in several tranches rather than one lump transfer, a move that is









