3COMMAS CEO CONFIRMS API KEY LEAK FOLLOWING WARNING FROM CZ

Last updated: June 19, 2025, 18:14 | Written by: Naval Ravikant

The cryptocurrency world was recently shaken by a significant security breach involving 3Commas, a popular platform for automated crypto trading.Following weeks of speculation and user reports of unauthorized trading activity, 3Commas CEO Yuriy Sorokin officially confirmed that API keys connected to the platform had been leaked. The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now he recommends disabling 3Comma API keys. Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade management platform. I am reasonably sure there are wide spreadThis confirmation came after a public warning from Changpeng Zhao (CZ), the CEO of Binance, one of the world's largest cryptocurrency exchanges, who expressed ""reasonable certainty"" about widespread API key leaks originating from 3Commas. BTCUSD Bitcoin 3Commas CEO confirms API key leak following warning from CZ The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now he recommends disabling 3Comma API keys.The incident has raised serious concerns about the security of API keys and the risks associated with using third-party trading platforms.This incident serves as a stark reminder of the importance of robust security practices in the digital asset space, where vulnerabilities can lead to substantial financial losses.The confirmation prompted immediate action, with 3Commas urging exchanges like Binance and KuCoin to revoke all API keys connected to their platform.What exactly happened, and what does this mean for users of crypto trading bots?

This situation is still developing, but what we know so far underscores the need for caution and proactive security measures when managing cryptocurrency assets and utilizing automated trading solutions. BTCUSD Bitcoin 3Commas CEO confirms API key leak following warning from CZ. The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now heIn this article, we will delve into the details of the 3Commas API key leak, examine the responses from key players like CZ and 3Commas itself, and provide actionable steps you can take to protect your crypto assets from similar threats.

The Timeline of the 3Commas API Key Leak

The API key leak didn't occur overnight, and it's essential to understand the sequence of events leading up to the official confirmation.The whole story began with reports of unauthorized trading on users' accounts, despite them not initiating those trades.

Early December 2023: Users started reporting unauthorized trades executed through their 3Commas accounts.Concerns quickly arose regarding the potential compromise of API keys.
December 11, 2023: 3Commas CEO Yuriy Sorokin addressed the initial allegations, stating that fake screenshots were circulating on social media, intending to show security vulnerabilities within the company.He and 3Commas implied that users might be falling for phishing scams.
December 28, 2023: An anonymous user posted 10,000 API keys online and claimed to possess a total of 100,000 keys belonging to 3Commas users.This announcement prompted a more direct response from Binance CEO Changpeng Zhao.
December 28, 2023: CZ warned his 8 million Twitter followers that he was reasonably certain about widespread API key leaks from 3Commas, advising users to immediately disable any API keys they had connected to the platform.
December 28, 2023: Shortly after CZ's warning, 3Commas CEO Yuriy Sorokin confirmed the API key leak in a tweet.He also stated that they had asked Binance, KuCoin, and other supported exchanges to revoke all API keys connected to 3Commas.

CZ's Role and the Initial Dismissal

Binance CEO Changpeng Zhao, commonly known as CZ, played a significant role in bringing the 3Commas API key leak to light. The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now he recommends disabling 3Comma API keys. Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade managementInitially, CZ seemed less receptive to the claims of losses resulting from the API key leak. 3COMMAS CEO Confirmed the leak while urging Binance, Kucoin, and other supported exchanges to revoke all API keys that were connected to 3Commas. On December 28, an anonymous person took to Twitter to allege that all of the crypto trading service 3Commas API keys had been leaked. Later, 3Commas CEO Yuriy Sorokin confirmed the leak in a tweet.This was likely due to the challenge of definitively proving that the losses stemmed directly from a 3Commas breach versus user error or other factors. View All Result . Friday, Janu. LoginHowever, as evidence mounted, CZ took a more proactive stance, warning users about the potential issue and urging them to disable their API keys.

CZ's initial skepticism is understandable.API keys are powerful tools, and their security depends on both the platform providing the service (3Commas) and the user managing the keys. Sorokin Confirms 3Commas API Leak In a Twitter thread published on Wednesday afternoon, Yuri Sorokin, the CEO of 3Commas, confirmed that API keys connected to his company have been leaked. The confirmation came after an anonymous user published 10,000 keys on the platform and announced they have acquired around 100,000 keys belonging to 3CommasIt's possible for users to inadvertently expose their API keys through phishing attacks, malware, or simply by storing them insecurely.

However, the sheer volume of reports and the eventual leak of a large number of API keys made it clear that a more systemic issue was at play. The trades were done utilizing API keys you created. Otherwise we volition conscionable beryllium paying for users to suffer their API keys. Hope you understand. CZ Binance (@cz_binance) Decem. On Dec. 11, 3Commas CEO Yuriy Sorokin claimed connected the institution blog that fake screenshots were circulating connected Twitter andCZ's public warning served as a catalyst, prompting 3Commas to take official action and acknowledge the breach.

3Commas' Confirmation and Response

The confirmation from 3Commas CEO Yuriy Sorokin marked a turning point in the situation.While the company initially downplayed the allegations, the leaked API keys and CZ's warning made it impossible to ignore the issue.

In response, 3Commas took several steps to address the breach:

API Key Revocation Request: 3Commas requested that Binance, KuCoin, and other supported exchanges revoke all API keys connected to their platform. Warning: the 3Commas API leak is now confirmed. that fake screenshots were circulating on Twitter and YouTube purporting to show the company had lax security and that employees were stealing API keys. Sorokin denied the allegations in an in-depth technical analysis of the images:This was a crucial step to prevent further unauthorized trading.
Internal Investigation: 3Commas initiated an internal investigation to determine the source of the leak and identify vulnerabilities in their systems. We saw the hacker s message and can confirm that the data in the files is true. As an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the keys that were connected to 3Commas. Yuriy Sorokin (@YS_3Commas) Decem. Source: Cointelegraph.com. The post 3Commas CEO confirms API key leakThe company has stated they are working with law enforcement to uncover the truth.
Security Enhancements: While specific details are still emerging, 3Commas has committed to implementing security enhancements to prevent future breaches.

The Sign Center Solution

It is worth noting the existence of 3Commas' Sign Center.According to their statements, Sign Center is a secure API key storage that is isolated at both infrastructure and access levels to ensure security.The purpose of the Sign Center is to sign the transaction that needs to be executed, very similar to how MetaMask and Ledger sign transactions.

The company also released a public statement confirming the breach and outlining the steps they were taking to address the situation.However, details about the root cause of the leak and the extent of the damage are still being investigated.

The Impact on 3Commas Users

The API key leak has had a significant impact on 3Commas users. The CEO of cryptocurrency exchange Binance has warned of an alleged API key leak at cryptocurrency trade management platform 3Commas, after a string of earlier security issues there.Those who had their API keys compromised may have experienced unauthorized trading activity, leading to financial losses.The incident has also eroded trust in the platform and raised concerns about the security of using third-party trading tools.

Here are some of the potential consequences for affected users:

Financial Losses: Unauthorized trades can lead to significant financial losses, especially if the hacker uses aggressive trading strategies or targets volatile assets.
Account Compromise: A compromised API key can grant hackers access to your trading account, allowing them to execute trades, withdraw funds (depending on the exchange's API permissions), and access personal information.
Emotional Distress: Being the victim of a security breach can be stressful and emotionally draining.It can also lead to feelings of anger, frustration, and distrust.

Protecting Your Crypto Assets: A Step-by-Step Guide

The 3Commas API key leak serves as a wake-up call for all cryptocurrency users. The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this 3Commas CEO confirms API key leak following warning from CZ - XBT.Market Market Cap: $2,430,047,720,299.10While no system is entirely immune to security breaches, there are several steps you can take to protect your assets and minimize your risk.

Disable API Keys Immediately: If you have ever used 3Commas or any other third-party trading platform, disable your API keys on the connected exchanges immediately. See full list on beincrypto.comEven if you haven't experienced any unauthorized activity, it's better to be safe than sorry.
Generate New API Keys: Once you've disabled your old API keys, generate new ones. The Binance CEO was initially dismissive of claims of losses resulting from a 3Comma API key leak earlier this month; now, he advises disabling 3Comma API keys. On December 28, Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers that he is reasonably certain that API key leaks are occurring at the cryptocurrency tradeWhen setting up the new keys, be sure to grant them the minimum necessary permissions. The Binance CEO was initially dismissive of claims of losses resulting from a 3Comma API key leak earlier this month; now, he advises disabling 3Comma API keys. On December 28, Binance CEO ChangpengFor example, if you only need the bot to execute trades, don't grant it permission to withdraw funds.
Use Strong Passwords: Make sure you use strong, unique passwords for your exchange accounts and any other services you use to manage your crypto assets.Avoid using the same password for multiple accounts.
Enable Two-Factor Authentication (2FA): Two-factor authentication adds an extra layer of security to your accounts. Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade management platform. I am reasonably sure there are wide spread API key leaks from 3Commas. If you have ever put an API key in 3Commas [ ]Even if someone manages to steal your password, they won't be able to access your account without the second factor, such as a code from your phone.
Be Wary of Phishing Attacks: Phishing attacks are a common way for hackers to steal API keys and other sensitive information.Be cautious of suspicious emails, messages, and websites that ask for your personal information.Never click on links from untrusted sources.
Monitor Your Accounts Regularly: Keep a close eye on your exchange accounts and trading activity. Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade management platform.I am reasonably sure there are wide spread API key leaks from 3Commas. If you have ever put an API key iIf you notice any unauthorized trades or suspicious activity, contact the exchange's customer support immediately.
Use a Hardware Wallet: For long-term storage of your crypto assets, consider using a hardware wallet.Hardware wallets store your private keys offline, making them much more secure than software wallets or exchange accounts.
Research Platforms Thoroughly: Before using any third-party trading platform, research it thoroughly. Solana Price (SOL) Targets New Monthly High: Bulls JLook for reviews, security audits, and any reported security breaches.Choose platforms with a strong reputation for security and transparency.
Implement IP Whitelisting: Many exchanges allow you to restrict API key access to specific IP addresses. Sign Centre is a secure API keys storage that is isolated at both infrastructure and access levels to ensure the security of our systems. When 3Commas makes a trade request with an exchange, 3Commas servers ask the Sign Center to sign a transaction that needs to be executed, very similar to how you would have Metamask or Ledger sign a transaction.This means that even if your API key is compromised, it can only be used from the whitelisted IP addresses, preventing hackers from accessing your account from other locations.If 3Commas utilizes a static IP address for connections to exchanges, this could be used.

Understanding API Keys and Their Risks

To fully appreciate the significance of the 3Commas API key leak, it's essential to understand what API keys are and the risks associated with using them.

What are API Keys?

API keys (Application Programming Interface keys) are unique identifiers that allow different software applications to communicate with each other.In the context of cryptocurrency trading, API keys allow third-party platforms like 3Commas to access and control your exchange account, enabling automated trading and other features.

An API key typically consists of two parts: a public key (API key) and a private key (API secret). Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking placeThe public key identifies the application making the request, while the private key is used to authenticate the request and verify that it's coming from the authorized application.

Why are API Keys Risky?

API keys are powerful tools, and their compromise can have serious consequences.Here are some of the risks associated with using API keys:

Full Access: Depending on the permissions granted, an API key can give a third-party platform full access to your exchange account, allowing it to execute trades, withdraw funds, and access personal information.
Single Point of Failure: If an API key is compromised, hackers can use it to access your account from anywhere in the world.
Difficulty Tracking: It can be difficult to track down the source of a compromised API key, especially if you've used it on multiple platforms.
Lack of Control: When you use a third-party platform to manage your crypto assets, you're essentially giving up some control over your funds. [ad_1]Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade management platform.I am reasonably sure there are wide spread API kYou're trusting the platform to implement robust security measures and protect your API keys from unauthorized access.

Analyzing the Security of 3Commas' Sign Center

3Commas previously emphasized the security measures implemented within their Sign Center, designed to protect API keys.However, the recent leak raises questions about the effectiveness of these security measures.Let's analyze the factors that might have contributed to the compromise:

Centralized Storage: While the Sign Center might have been isolated at the infrastructure level, storing a large number of API keys in a central location creates a single point of failure. 3Commas CEO confirms API key leak following warning from CZA successful attack on the Sign Center could compromise a significant number of API keys simultaneously.
Access Controls: The effectiveness of the Sign Center depends on the strength of its access controls. I am reasonably sure there are wide spread API key leaks from 3Commas. If you have ever put an API key in 3Commas (from any exchange), please disable it immediately. Stay SAFU. CZ Binance (@cz_binance) DecemIf attackers were able to bypass these controls, they could gain access to the stored API keys.
Encryption: Even if API keys are stored in a secure location, they must be encrypted to prevent unauthorized access.The strength of the encryption algorithm and the security of the encryption keys are crucial factors.
Vulnerabilities: Were there any unknown vulnerabilities in the 3Commas system? Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is reasonably sure that API key leaks are taking place at the cryptocurrency trade management platform. I am reasonably sure there are wide spread API key leaks from 3Commas.Zero-day exploits could bypass even the most robust security measures.
Insider Threat: Was there any involvement from malicious insiders?These individuals could have bypassed security controls and directly accessed the API keys.

The Implications for the Crypto Industry

The 3Commas API key leak has broader implications for the cryptocurrency industry as a whole.It highlights the importance of security and transparency in the digital asset space.It serves as a reminder that even established platforms are vulnerable to security breaches, and that users must take proactive steps to protect their assets.

Here are some of the key takeaways for the crypto industry:

Security is Paramount: The 3Commas breach underscores the importance of security in the cryptocurrency industry.Exchanges, trading platforms, and other service providers must prioritize security and implement robust measures to protect user data and assets.
Transparency is Crucial: Companies should be transparent about their security practices and any security incidents that occur.This allows users to make informed decisions about whether to trust the platform with their assets.
User Education is Essential: Cryptocurrency users need to be educated about the risks associated with using third-party platforms and the steps they can take to protect themselves.
Regulation is Needed: The cryptocurrency industry is still largely unregulated, which can make it difficult to hold companies accountable for security breaches.Clear and comprehensive regulations are needed to protect consumers and promote stability in the industry.

Common Questions about the 3Commas API Key Leak

Here are some common questions that users may have about the 3Commas API key leak:

Q: How do I know if my API key was compromised?

A: If you have ever used 3Commas, it's best to assume that your API key may have been compromised.You should immediately disable your API keys on the connected exchanges and generate new ones.Monitor your accounts for any unauthorized activity.

Q: What should I do if I experienced unauthorized trading activity?

A: If you notice any unauthorized trading activity on your account, contact the exchange's customer support immediately.Provide them with as much detail as possible about the unauthorized trades, including the date, time, and assets involved.Also, consider reporting the incident to law enforcement.

Q: Is 3Commas safe to use now?

A: While 3Commas has taken steps to address the API key leak, it's impossible to guarantee that the platform is completely safe to use.You should carefully consider the risks and benefits before using any third-party trading platform, and always take proactive steps to protect your assets.The current safety level depends on your assessment of their remediation efforts.Do you believe they have identified and fixed the root cause of the breach?

Q: What alternative platforms are available?

A: There are several alternative platforms available for automated crypto trading.Some popular options include Pionex, Bitsgap, and TradeSanta.Research each platform thoroughly and choose one that meets your needs and has a strong reputation for security.

Q: Will I get my money back if I lost funds due to the API leak?

A: This is a complex question and depends on several factors.Exchanges and platforms are usually not liable for losses due to compromised API keys, particularly if they can prove the breach didn't originate solely from their end.Some exchanges might offer compensation on a case-by-case basis, but this is not guaranteed.Filing a police report might be helpful for insurance purposes, but recovering lost funds is often a long and difficult process.

Conclusion: Lessons Learned and Moving Forward

The 3Commas API key leak is a significant event that highlights the importance of security in the cryptocurrency industry.It serves as a wake-up call for users and platforms alike, reminding us that proactive security measures are essential to protect digital assets.

Here are the key takeaways from this incident:

API Keys are a Major Risk: Handle them with extreme care and grant them only the necessary permissions.
Security is a Continuous Process: It's not enough to implement security measures once; they must be constantly updated and improved.
User Education is Crucial: Cryptocurrency users need to be educated about the risks and how to protect themselves.
Transparency and Communication are Key: Platforms should be transparent about security incidents and communicate effectively with users.

Moving forward, it's crucial that the cryptocurrency industry learns from this incident and takes steps to improve security across the board.By working together, we can create a safer and more secure environment for everyone.The incident emphasizes the need for diversification, not just of assets, but also of platforms.Relying solely on one platform increases your overall risk profile.It's also crucial to keep abreast of the latest security news and best practices within the cryptocurrency space.