Singapore-based payment provider Triple-A reported an unauthorized breach of its treasury wallets last Saturday, leading to the loss of company-owned digital assets estimated at $11.8 million. The firm quickly responded by placing select services into maintenance for about three hours while securing the compromised infrastructure.
Triple-A clarified that customer assets remain untouched and are held separately in trust accounts with safeguarding firms. This separation prevented customers from being affected by the breach despite suspicious transactions related to Triple-A wallets surfacing over the weekend.
Tracking the Stealing Activity
Blockchain analysts identified multiple wallet drains across various blockchains, including TRON, Ethereum, TON, and Solana. Initial estimates by on-chain investigator Specter pointed to over $9.3 million moved out of Triple-A wallets, rising later to $11.8 million with new transaction discoveries. Funds have been consolidated onto Ethereum through swaps and bridges.
The company has not disclosed specifics about how the breach occurred or what credentials were compromised but confirmed ongoing cooperation with internal security teams, external cybersecurity consultants, blockchain forensics experts, and Singapore Police. The investigation aims to trace and potentially recover stolen assets, though no timeline or interim results have been shared.
This incident comes shortly after the DeFi protocol Lien Finance suffered a major exploit, highlighting ongoing vulnerabilities across crypto platforms.
This content is informational and does not constitute financial advice.
