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Alphapo payment provider hack now estimated at over $60M — ZachXBT
The alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 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 wallets appeared to have been drained of at least $21 million, with some sources reporting that the losses exceeded $31 million.
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