Taipei-based Kronos Research, a company specializing in cryptocurrency trading and investment, is currently in talks with a hacker who stole $25 million from the firm’s treasury earlier this month.
Kronos has offered the hacker a deal to return 90% of the stolen funds in exchange for dropping the matter, as shown by the transaction records on Etherscan.
Last week, Kronos revealed on its X platform that an unauthorized individual had obtained access to its API keys.
This was later confirmed by experts ZachXBT and Lookonchain, who discovered that the hacker had primarily taken stablecoins worth $25 million.
Coinbase, a popular cryptocurrency exchange, has also recently gained a substantial amount of money through various pending U.S. spot crypto exchange-traded fund (ETF) approvals.