The Block reports that Triple-A's hot wallet losses have climbed to $11.8 million as new deposits continue to be swept. Triple-A stated it is investigating the incident and that customer funds are not affected, though it has not fully addressed the incident publicly.
An ongoing sweep of a hot wallet points to a compromised key or a malicious signer rather than a one-off exploit, since new deposits keep draining. If you run custodial flows, this is a reminder to segregate hot balances, cap what sits in any single signing key, and alert on outbound patterns rather than trusting periodic manual checks. Worth watching whether Triple-A explains the root cause, because 'customer funds are safe' without a post-mortem usually means the mechanism is still unknown or unpatched.
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