Alphapo payment provider hack now estimated at over $60M — ZachXBT

The alleged hack of Alphapo may have been caused by the Lazarus Group; losses are now estimated at more than $60 million.

Alphapo is a centralized crypto payment provider for e-commerce subscription services, gaming sites and other online businesses. It’s known as the provider for mystery box platform HypeDrop and gambling sites Bovada and Ignition. On July 23, security experts began reporting that the site’s hot walletsof at least $21 million, with some sources reporting that the losses exceeded $31 million.

The new report from ZachXBT identifies an additional $37 million allegedly drained from the old addresses on the Tron and Bitcoin networks, bringing the total to more than $60 million in losses. Citing data from Dune Analytics, the on-chain sleuth argued that the Lazarus Group may be behind the attack:

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