Ex-Chairman of Canaan Jack Kong Faces Crypto Project Hack From Insider Jack Kong, former chairman of China-based computer hardware manufacturer Canaan,
has disclosed a hack of a cryptocurrency project that he has invested in.
The hacker was reportedly
an insider from the crypto project and fled to Thailand following the crime. “The hacker fled to Thailand but
he was arrested and returned to China within 48 hours after working with the Chinese police,” a Tweet by Wu Blockchain read.
“The insider hacker has been lurking for a long time, secretly photographing passwords and changing hardware wallets.”
Kong wrote on Oct. 1
that the crypto project imToken immediately investigated the issue and initially believed
that it might have been phished.
“At first, there was no suspicion that it was an internal crime. Even if imtoken gives a conclusion that it excludes the possibility of fake wallet clients, authorized fraud, and Lido phishing, it is impossible the team has no particular target of suspicion.”
