BitKeep Reimbursing Victims of $8M Crypto Hack: 50% of Funds by End of Feb

• BitKeep, a digital asset platform, is taking steps to reimburse users whose assets were stolen by hackers.
• The compensation portal will go live in the first week of February and 50% of the funds are expected to be compensated by the end of that month while the remaining funds by the end of March.
• The hackers made off with crypto assets worth $8M, with Ethereum (ETH), Binance Coin (BNB), and Tether (USDT) among the top cryptocurrencies used in BitKeep’s questionable transactions.

BitKeep, a digital asset platform, recently announced that it has taken steps to reimburse users whose assets were stolen by hackers. The corporation revealed on Twitter that it had created a closed-loop verification system to lessen the possibility of assets ending up in the wrong hands. This system incorporates victims’ multi-dimensional information such as wallet addresses, stolen amounts, and token details.

The hack occurred after the previous trading year and the hackers stole significant sums of cryptocurrency. According to BitKeep, the affected cryptocurrency investors downloaded a phony BitKeep program that ‘bad actors distributed.’ A report by transaction tracking experts revealed that Ethereum (ETH), Binance Coin (BNB), and Tether (USDT) were among the top cryptocurrencies used in BitKeep’s questionable transactions. In total, the hackers made off with crypto assets worth $8M. Unexpectedly, the hacking incident in December lined up with the earlier hacker activities in mid-October of the same year.

To ensure that victims of the hack are compensated, BitKeep will be launching a compensation portal in the first week of February. This portal will allow victims to submit their claims and receive reimbursement for their lost assets. The team also added that they intend to pay out 50% of the cash by the end of February and the remaining amounts by the end of March.

BitKeep wants to assure victims of the hack that they will be paid and that the company is taking all necessary steps to ensure the security of their assets. They have said that they are committed to protecting their users from further losses and will do whatever it takes to prevent future hacks. For now, users are advised to be vigilant and download only official BitKeep programs.