Triple A says it can meet all liabilities after treasury wallet exploit

Triple-A has confirmed that unauthorized access to its treasury wallets resulted in the loss of company-owned digital assets while stating that client funds and payment operations have remained unaffected. Summary Triple A confirmed unauthorized access to company treasury wallets while saying client funds were not affected. The company said the financial impact will be covered by its treasury reserves and normal operations have resumed. Onchain investigators had estimated the losses at about $11.8 million before the company acknowledged the breach. Triple A is working with cybersecurity experts and Singapore police to investigate and trace the stolen assets. Triple-A said in a statement on Monday that it detected unauthorized access to certain wallets holding its own digital assets on July 25, prompting the company to temporarily place some services into maintenance mode for about three hours while it secured the affected infrastructure and completed additional security checks. The Singapore-based stablecoin payments company said all services have since been restored and that transactions and settlements are processing normally across all markets. It added that the incident affecte...