Hackers Exploit Assets from Crypto Investment Company BlockTower's Hedge Fund

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BlockTower Capital, an asset investment company that is focused on digital assets, has recently experienced an attack on their system by fraudsters. And it's speculated that BlockTower Capital hedge fund may have been severely compromised.

Investigations into this theft doesn't have an exact figure for the amount stolen from BlockTower Capital. And currently, the fraudsters have not been identified. BlockTower has acquired the services of blockchain forensics to analyse the theft and catch the hackers.

BlockTower has made this exploit known to its few partners. Other information shows that BlockTower Capital has about $1.7 billion in their management. However, BlockTower has faced similar incident in the past.

As of 2023, BlockTower's security was compromised and they lost about $1.5 million in TRU tokens. This compromise happened on a programme called Dexibel Decentralized Exchange. BlockTower was founded in 2017, and is involved in crypto asset trading, and investments in web3 sector.