Trading bot 3Commas confirms leak after CEO Binance’s tweet

Last Updated: 29 December 2022

Lep op: do you use the services of 3Commas? Then pay attention. It seems there has been a data breach, leaving API keys on the street.

Trading bot

3Commas is a trading bot that you can hook up to exchanges. Changpeng Zhao, the CEO of Binance, posted an alert on Twitter about the possible data leak. Soon after, the company itself came out with a response.

Zhao said he is “reasonably certain that major leaks of API keys” have taken place. Speculation arose about an incident in October at FTX.

“I am convinced that @tier10k is right here. If you have ever placed an API key in 3Commas (from any central exchange), turn it off immediately.”

Meanwhile, a spokesperson for 3Commas confirmed to The Block that the problem was on their side.

Weird transactions

In early October, there was an investigation by 3Commas into strange things on the now-bankrupt FTX. It turned out that API keys had been used to perform unauthorised transactions for DMG trading savings.

The 3Commas team was informed of this on 20 October. The company said at the time that the keys had not been stolen from them and had probably been obtained through a phishing attack or third-party hack. Now, the spokesperson confirms that it was therefore indeed a leak at 3Commas itself.

They had received a message from the hacker and confirmed that the data was genuine. Lists of the API keys were also circulating on Twitter. Subsequently, 3Commas said it immediately contacted exchanges such as Binance and Kucoin, asking them to “unlink” all keys from 3Commas.

The company said it found no evidence of an ‘inside job’.

  • Gabriele Spapperi

    Gabriele Spapperi is a veteran cryptocurrency investor and blockchain technology specialist. He became fascinated with Bitcoin and distributed ledgers while studying computer science at MIT in 2011.

    Since 2013, Gabriele has actively traded major cryptocurrencies and identified early-stage projects to invest in. He contributes articles to leading fintech publications sharing his insights on blockchain technology, crypto markets, and trading strategies.

    With over a decade of experience in the crypto space, Gabriele provides reliable insights and analysis on the latest developments in digital assets and blockchain platforms. When he's not analyzing crypto markets, Gabriele enjoys travel, golf, and fine wine. He currently resides in Austin, Texas.

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