Quantitative trading company Kronos Research negotiates with hackers willing to offer 10 of stolen funds as a reward

Taiwan-based cryptocurrency trading and investment company Kronos Research suffered a hacker attack earlier this month, resulting in a loss of approximately $26 million. Online data indicates that the company is still in negotiations with the hackers. According to data on Etherscan, Kronos sent a message to the hackers, stating that if 90% of the stolen funds are returned, the company will not pursue the matter further. Kronos’ online message on November 19, shortly after the attack, stated that some API keys were accessed without authorization on the X platform. Online detective ZachXBT and online data analysis platform Lookonchain analyzed the flow of the stolen funds at that time and confirmed that most of it was stablecoins. In a statement regarding the progress of the subsequent events, Kronos stated: