$2 Billion in Bitcoin Vanishes Overnight From "Unhackable" Exchange — FBI Investigates
Negative10 min readAI-generated summary
Crime
The Wall Street Journal
Vaultix, a Singapore-based crypto exchange marketed as the "world's most secure," confirmed that $2.1 billion in customer Bitcoin was drained from its cold storage wallets between 2 AM and 4 AM UTC. The CEO has suspended withdrawals indefinitely. The FBI, Interpol, and Singapore's Monetary Authority have opened parallel investigations. Early forensic reports point to a possible insider compromise.
"Unhackable" is a marketing claim — not an engineering reality. Self-custody arguments will only grow louder.
Context
This surpasses the 2024 DMM Bitcoin breach ($305M) and the 2014 Mt. Gox collapse ($450M…
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