Web3Auth's Keplr asset recovery addresses hold approximately $5.6 million

深潮 TechFlow reported on November 9, citing The Block, that Web3Auth said it had transferred at-risk Keplr wallet assets to recovery addresses to prevent attackers from taking them. On-chain data reviewed by The Block showed that, as of the time of reporting, the 12 recovery addresses published by Web3Auth held approximately $5.6 million in crypto assets.

Among them, the recovery address on Cosmos Hub holds approximately 2.49 million ATOM, worth about $3.3 million. The report noted that Web3Auth referred to the “original attacker,” but had not disclosed the number of wallets involved or the amount stolen.

深潮 previously reported that Web3Auth published recovery addresses, saying some transfers intended to protect assets were mistaken for attacker activity; Keplr advised social-login users to move remaining liquid assets to accounts created with a seed phrase or hardware wallet.

Source: 深潮 TechFlow