Gemini Client IRA Financial Hacked for $36M in Bitcoin and Ethereum: Report

IRA Financial’s Crypto Retirement Account Was Hacked Last Week, Losing Up to $36M.

The FinTech startup, which manages individual retirement accounts in non-traditional assets, has been dealing with allegations of a major hack for nearly a week.

Late Friday, it tweeted that it had “discovered suspicious activity that has affected a limited subset of our customers with accounts on the Gemini cryptocurrency exchange.” The same notice now appears on its website.

But according to an email purportedly sent to affected users and shared via screenshot with Decrypt, this is more than “suspicious activity.”

It states: “Our investigation is ongoing, but a preliminary assessment indicates an attempted theft of cryptocurrency funds within the impacted accounts occurred. We are proactively utilizing all available resources to recover the funds.”

On the same day, unidentified hackers withdrew $21 million in Bitcoin and $15 million in Ethereum from IRAFinancialTrust’s accounts.