Tech Arena24 users lost over $34.3 Million in recent Hack

Three days after a possible hack on the platform, the company has bumped up security and give full report of the extent of damaged caused. But, what is more interesting is what you can do to increase the security of your account.

In the early hours of 17 January, some users complained about unauthorized access and withdrawals from their account. Well, according to new report from, the incident did happen and here is the extent of what was lost.

See Also: pauses Withdrawals to investigate possible hack

How much was lost in the hack

According to a statement from, the hack incident affected 483 users. Unauthorized withdrawals totaled 4,836.26 ETH ($15, 417, 706.70), 443.93 BTC ($18, 909, 553.49) and approximately US$66,200 in other currencies.

The total asset lost on the hack that happened on 17 January 2022 is estimated to be $34, 393, 460.20. Since then, has moved to a new 2FA infrastructure.

See Also: How to activate 2FA security in

And in a bid to increase security in the platform, the company said it has plans to move from 2-Factor Authentication (2FA) and to true Multi-Factor Authentication (MFA), providing added strength for their global user base.

Will pay back the lost assets?

The answer to the question above is NO (at least for now). For the incident that happened on January 17 2022, has no known plans for paying back any of the lost asset. But, you can reach out to their support team if you have any questions or complaint.

See Also: Security Update: Here is how to keep you Account safe

Remember that your account is also as secure as you keep it. So follow the simple steps below to help protect your account.

How to keep your Account safe

  1. Update to the latest App
  2. Only sign into your account from a trusted device
  3. Enable 2FA security (follow the steps above)
  4. Keep your account details safe (username, email, password, and PIN)
  5. Don’t allow anyone access to your device
  6. Quickly report any suspicious activity on your account to team




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