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Tuesday, February 3, 2026 at 07:30 UTC

Krakenize

Hot wallet keys exfiltrated via supply-chain attack.

Lost
Funds stolen
$312.00M
Recovered
$0.00M0%
Still outstanding
$312.00M
Chain
Bitcoin
Category
CEX
Attack vector
Private Key Compromise
Reported by
SlowMist
Incident ID
e4

Exploit & recovery timeline

  1. Feb 3, 2026 · 05:30 UTC
    Attack preparation

    Attacker wallets funded and staged ahead of the private key compromise exploit against Krakenize.

  2. Feb 3, 2026 · 07:30 UTC
    Exploit executed

    $312.0M drained from Krakenize on Bitcoin via Private Key Compromise.

  3. Feb 3, 2026 · 08:30 UTC
    Detected by SlowMist

    SlowMist flagged the anomalous transactions and published an initial alert.

  4. Feb 3, 2026 · 11:30 UTC
    Protocol response

    Krakenize paused affected contracts or withdrawals and began tracing outbound flows.

  5. Feb 4, 2026 · 07:30 UTC
    Funds traced

    Stolen assets followed through mixers, bridges, and exchange deposit addresses.

  6. Mar 5, 2026 · 07:30 UTC
    Funds written off

    No assets recovered; losses absorbed by the protocol, insurers, or users.