source avatarFarhad | Crypto News

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Another trading app just got drained — this time through its own monitoring tool. Proxima was hit through a vulnerability in SigNoz, its observability tool. User wallets were drained in the breach. The damage, per co-founder Theo: about $200,000 to $250,000 in affected funds — under 5% of total funds. He says every affected user will be fully reimbursed, with refunds published through the day. He also warned users not to send any more funds to the affected wallets. The catch: Proxima creates the wallets and its servers can sign for them. Critics are already asking the obvious question — if the platform holds the keys, whose wallet is it really? Bitcoin is trading near $66,986, down about 2.5% in 24 hours. Ethereum is near $1,895, down about 2.0%.

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