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IRA Financial Hacked, $36 Million in Cryptocurrency Stolen

IRA Financial Hacked, $36 Million in Cryptocurrency Stolen

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IRA Financial Hacked, $36 Million in Cryptocurrency Stolen

by admin
February 14, 2022
in Cryptocurrency
0


Privacy & Data Security Law

Feb. 14, 2022, 10:37 PM

  • Bitcoin and Ethereum snatched from IRA users on Feb. 8
  • Company has launched investigation, contacted law enforcement

A hack at IRA Financial Trust, which offers self-directed retirement accounts, resulted in the theft of $36 million in cryptocurrency, according to a person familiar with the investigation.

In a statement, IRA Financial Trust said on Feb. 8 it discovered “suspicious activity that has affected a limited subset of our customers with accounts on the Gemini cryptocurrency exchange. Upon discovery, we immediately launched an investigation and contacted state and federal law enforcement.”

That same day, unidentified hackers drained $21 million in Bitcoin and $15 million in Ethereum from the accounts of IRA Financial Trust customers, the person said. IRA …

William Turton

William Turton

Bloomberg News

© 2022 The Bureau of National Affairs, Inc.

All Rights Reserved



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