BlogCases

Dysnix Team Returned a Stolen Million USD to the Company in Four Hours

Cases

A Los Angeles based large financial company that deals with the emerging crypto-currency and token-based capital markets. We can't disclose the name of company according to NDA.

Business Task

The company's CTO addressed our CTO & Cloud architect with an urgent issue on a Sunday at 11 p.m. Their platform was hacked, and their project hot-wallet was emptied into external Bitcoin wallets. The damage dealt was estimated at 1 000 000 USD. We were set the task to return the entire sum or at least a part of it.

Solutions

  • Our chief architect, who is also our CTO, analyzed the situation, and his excellent expertise and deep understanding of crypto-currency operations helped him to take urgent action to prevent the complete loss of the money.

Value delivered by Dysnix

  • 1 000 000 USD returned in full to company's wallets in 4 hours.
  • A script has been written and uploaded here https://github.com/dysnix/upmyfee to prevent similar cases.

Conclusion

The company's issue was resolved completely. Apart from returning the money, we increased the security of the project and signed a contract for 24/7 technical support with a demanding SLA.

Industry

Banking&Finance

Banking

Location
USA (CA)
Project duration
2018
Our team
1 architect
Technologies used
Services provided