SignalPlus Promises Full Compensation After Attack Causes Less Than $82,000 in Losses

SignalPlus said it will fully compensate affected users after an attack caused less than $82,000 in losses, leading the crypto derivatives platform to pause terminal service.

The platform detected unusual activity on Nov. 4 and linked the incident to a compromised Telegram account belonging to a third party. SignalPlus said some affected accounts lacked IP allowlists.

SignalPlus said it worked with centralized exchange partners to revoke all API keys connected to its platform.

The company suspended its terminal service as a precaution and expects to restore all services in the coming days. It did not give a specific restoration date.