Haruko cyberattack exposes data of 15 clients, some funds lost

Haruko, a London-based digital asset technology platform that serves as connective tissue between hedge funds and the exchanges they trade on, has been hit by a cyberattack that exposed data belonging to 15 clients. Some funds were also lost in the incident. What Haruko does, and why this matters Founded in March 2021, Haruko built its business by solving one of institutional crypto’s most persistent headaches: fragmented visibility. The platform connects centralized finance exchanges, on-chain protocols, and over-the-counter trading venues into a single dashboard, giving hedge funds, market makers, and treasury teams real-time insight into their financial exposures. The company raised approximately $16 million in total funding, including a $6 million Series A round in July 2024 co-led by White Star Capital and MMC Ventures. It integrates with over 100 centralized trading venues and supports more than 30 blockchains and 250 on-chain protocols. Haruko advertises role-based permissions, multi-factor authentication, single sign-on integration, and IP whitelisting. The fact that a breach still occurred despite those safeguards raises questions about the attack vector. The institutional...