3commas leak: User cry havoc on Internet, firm says “Read The Blog”

Key Takeaways:

  • 3commas API leaked has affected multiple users across exchanges.
  • However, the platforms continues to state it is secure.
3commas continues to deny that it was hacked.
3commas continues to deny that it was hacked.

NEW DELHI (CoinChapter.com) — Trading platform 3commas continues to deny that the leak of its API keys resulted from a hack.

Cryptocurrency journalist Wu Blockchain noted in a Dec 11 tweet that malicious elements misused the API Keys of some users to trade a large number of small-cap altcoins. The tokens involved were OM, AMP, NEXO, POLS, SUN, ARDR, BIFI, XVS, ARK, LOOM, and OSMO.

The contra trades occurred on Binance.

Coin Mamba said Binance refused to help recover his funds.
Coin Mamba said Binance refused to help recover his funds.

Moreover, Coin Mamba, a crypto trader, alleged that hackers exploited his 2-year-old 3commas API to exploit his Binance account. Mamba stated that Binance customer support refused to help recover his funds.

Also Read: What Happens to Dogecoin If Elon Musk Quits as Twitter CEO

However, Binance closed the user’s account, stating that Coin Mamba “made threats” to the exchange’s customer service. Binance CEO CZ replied to Mamba, stating, “there is almost no way for us to be sure users didn’t steal their own API keys.”

The tweet started a Twitter war between the two, with Mamba calling CZ “greedy.”

Coin Mamba Not The Only Victim Of Alleged 3commas Hack

However, it’s not just Coin Mamba who claims that his API keys were misused due to a hack of the 3commas platform. On-chain crypto sleuth ZachXBT reported identifying a verified group of 44 victims who lost $14.8 million due to the hack.

ZachXBT shared exchanges have been refusing to help victims.
ZachXBT shared exchanges have been refusing to help victims.

ZachXBT noted that the various exchanges have refused to acknowledge users’ complaints. Furthermore, the self-proclaimed “crypto sleuth” alleged that 3commas’ claims of the leak coming from phishing attacks were a lie and that hackers stole API keys.

Moreover, Zach stated that the affected victims are planning a class action lawsuit against 3commas. Comedian Nicole Arbour tweeted that a friend lost $160,000 due to 3commas. She noted that the firm blamed a secondary service but charged over $23,000 in fees when the thieves withdrew their plunder.

A crypto investor, Flipside Freedom, reported losing $200,000 in two hours. Another user, Alice, noted that KuCoin expired her API keys, speculating that it was likely due to “the 3commas hack.

WE HAVE NOT BEEN HACKED — 3commas

Meanwhile, the 3commas social media team replied to all the tweets with a similar message that screamed their platform remained secure.

3commas has not had any API exploit or hack, the affected users have been affected by phishing or any of its variants.

3commas official statement on the incident.

The trading platform released a blog that discredited several screenshots on social media that claimed to be proof of the 3commas hack. The firm noted several the imposters had blurred several important points that could prove the screenshot was from a 3commas Cloudflare dashboard.

Additionally, 3commas stated that it was using the enterprise version of Cloudflare while the screenshots on social media lacked certain features. Additionally, the blog highlighted that the screenshots contained only POST logs, which it claimed was impossible in real life.

3commas Supporters “Monkeying” Together

When Coinchapter reached out to 3commas’ telegram channel to ask for their comments on the alleged hacking, members of the group reacted to the message with poop emojis.

Salva A, reputation manager at 3commas, replied with a link to the blog posts that the firm has been throwing around as their claim of mea innocentia. Despite repeated attempts to get a comment, Mr. Salva reiterated that the blog posts are the only answer they can give and the only ones the public needs.

3commas telegram group members were very protective of the platform.
3commas telegram group members were very protective of the platform.

Other users took issue with tweets from ZachXBT, alleging defamers paid the on-chain analyst to post the tweets.

Bitcoin price broke below $17,000. Is more downfall likely? Read here to know more.

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