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Crypto DeFi

Web3Auth moves $5.6M out of exposed Keplr wallets ahead of hackers

Web3Auth said it moved $5.6 million out of exposed Keplr wallets before attackers could access the funds, frontrunning the hackers. The company’s communications also referred to an “original attacker,” suggesting some funds were stolen, but Web3Auth did not elaborate on the amount or circumstances.

Original source

AI take

The disclosure is notable less for the rescue than for what it leaves unsaid: Web3Auth's reference to an "original attacker" implies a loss it has not quantified, so the $5.6M figure describes only the portion recovered ahead of the hackers, not the total exposure. That gap matters for Keplr users trying to judge whether their own wallets were affected, and it puts pressure on Web3Auth to clarify the sequence of events. Whether the company details the original theft, and how Keplr responds, is the open question.

Generated by AI for reference only.

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