Triple-A confirms treasury wallet breach after losses reach $11.8M

Triple-A emphasized that client funds remained unaffected, as the company does not custody digital assets for customers and segregates client funds in trust accounts. While Triple-A did not initially disclose the loss amount or the method of compromise, onchain investigator Specter estimated the losses to be around $11.8 million.

The company stated that the financial impact was confined to specific operational accounts and would be covered by its treasury reserves. Services have since been fully restored, with transactions and settlements processing normally. Triple-A is collaborating with cybersecurity specialists, blockchain forensics firms, and authorities, including the Singapore Police Force, to investigate the incident, trace the stolen assets, and aid recovery efforts.