Users’ Funds Are Safe After Etana Custody Breach

Etana Custody, a custody company providing fiat funding services to the major cryptocurrency exchange Kraken, reported a breach on April 18, according to the report.

Despite an unauthorized party penetrating Etana’s system, a representative form the company stated that no client funds were impacted.

A widely quoted memo from Etana Custody indicates that its “client user interface was accessed by an unauthorized external party” on April 18.

The document stresses that “no client assets or securities, including fiat or digital currencies were affected and no unauthorized withdrawals or transfers were made.”

Etana provides funding for Kraken users’ U.S. dollar, euro, Canadian dollar, British pound and Japanese yen balances.

Certain user data may have been accessed by the intruder

While funds are reportedly remained intact, the company suggests that users’ personally identifying information such as names, email addresses, physical addresses, and phone numbers may have been compromised.

Etana notes that no passports, government-issued IDs, or driver’s license numbers are accessible to the hackers. The document states that internal security systems were activated by the breach, which has since been neutralized.

Two DeFi protocols escape hacks unscathed in one week

In recent weeks, two separate attacks against decentralized finance, or DeFi, protocols have fortunately seen no funds compromised.

On April 19, Chinese DeFi platform, dForce, lost almost all locked funds in a breach which exploited a known vulnerability in the ERC-777 token standard by targeting the stablecoin, imBTC. However, after leaking identifying data, the hacker returned the nearly $25 million in stolen funds three days later.

On April 22, Factom-based stablecoin network, PegNet, suffered a 51% attack executed by a group of top four miners who created $6.7 million worth of the stablecoin pUSD.

After unsuccessfully attempting to liquidate the funds, the miners sent the tokens to a burn address and stated that they have been conducting an innocent penetration test.