$11.8M Cryptocurrency Heist Hits Singapore-Based Payment Processor Triple-A

Singapore-based cryptocurrency payment processor Triple-A suffered a significant breach over the weekend, resulting in the theft of $11.8 million worth of company-controlled digital currencies.

The incident first came to light on Friday when blockchain security researcher Specter identified suspicious outflows totaling approximately $9.3 million. However, as the weekend progressed, the total damage escalated to $11.8 million with continuous unauthorized withdrawals from the compromised infrastructure.

Triple-A emphasized that no client-owned assets were compromised during the security breach, and customer funds are maintained in segregated trust accounts managed by independent safeguarding entities, aligning with Singapore's Payment Services Regulations.