Triple-A, a Singapore-based stablecoin payments company, confirmed unauthorized access to its treasury wallets. Losses are estimated at approximately $11.8 million, according to onchain investigator Specter. Client funds were not affected, as the company does not custody digital assets on behalf of customers. The financial impact will be absorbed through the company’s treasury reserves. All services have been restored, and the company is working with cybersecurity specialists, blockchain forensics firms and Singapore authorities, including the Singapore Police Force, to investigate the incident.
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