Incident Score: Analysis & Impact (BIT1784881647)
The details regarding individual company incidents & reports gives you full view from every side.
Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Bitkub's Cyber Attack and lateral movement inside company's environment.
- Overview of affected data sets, including SSNs and PHI, and why they materially increase incident severity.
- How Rankiteo’s incident engine converts technical details into a normalized incident score.
- How this cyber incident impacts Bitkub Rankiteo cyber scoring and cyber rating.
- Rankiteo’s MITRE ATT&CK correlation analysis for this incident, with associated confidence level.
Full Incident Analysis Transcript
In this Rankiteo incident briefing, we review the Bitkub breach identified under incident ID BIT1784881647.
The analysis begins with a detailed overview of Bitkub's information like the linkedin page: https://www.linkedin.com/company/bitkub, the number of followers: 45501, the industry type: Financial Services and the number of employees: 696 employees
After the initial compromise, the video explains how Rankiteo's incident engine converts technical details into a normalized incident score. The incident score before the incident was 759 and after the incident was 738 with a difference of -21 which is could be a good indicator of the severity and impact of the incident.
In the next step of the video, we will analyze in more details the incident and the impact it had on Bitkub and their customers.
On 23 July 2026, Bitkub disclosed Data Breach issues under the banner "Thailand SEC Files Criminal Complaint Against Bitkub Over 2021 Cyberattack Disclosures".
The Thailand Securities and Exchange Commission (SEC) has filed a criminal complaint against cryptocurrency exchange Bitkub and two former directors over alleged misreporting following a 2021 cyberattack.
The disruption is felt across the environment, affecting Wallet, and exposing Digital assets, plus an estimated financial loss of Voluntarily absorbed by co-founders.
In response, moved swiftly to contain the threat with measures like Replacement of stolen digital assets by co-founders, and began remediation that includes Purchase of equivalent digital assets to replace stolen funds, and stakeholders are being briefed through Internal effort to prevent mass withdrawals.
The case underscores how Ongoing, with advisories going out to stakeholders covering Customer assets remain secure and fully accounted for.
Finally, we try to match the incident with the MITRE ATT&CK framework to see if there is any correlation between the incident and the MITRE ATT&CK framework.
The MITRE ATT&CK framework is a knowledge base of techniques and sub-techniques that are used to describe the tactics and procedures of cyber adversaries. It is a powerful tool for understanding the threat landscape and for developing effective defense strategies.
MITRE ATT&CK® Correlation Analysis
Rankiteo's analysis has identified several MITRE ATT&CK tactics and techniques associated with this incident, each with varying levels of confidence based on available evidence. Under the Initial Access tactic, the analysis identified Steal Web Session Cookie (T1539) with moderate confidence (60%), supported by evidence indicating compromised wallet in early May 2021 and Valid Accounts (T1078) with moderate confidence (50%), supported by evidence indicating wallet compromise suggests possible account misuse. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Credentials In Files (T1552.001) with moderate confidence (50%), supported by evidence indicating compromised wallet implies potential credential exposure. Under the Exfiltration tactic, the analysis identified Exfiltration Over C2 Channel (T1041) with moderate to high confidence (70%), supported by evidence indicating digital assets stolen from compromised wallet. Under the Defense Evasion tactic, the analysis identified Impair Defenses: Disable or Modify Tools (T1562.001) with lower confidence (40%), supported by evidence indicating breach not disclosed at the time to prevent mass withdrawals and Disabling Security Tools (T1089) with lower confidence (30%), supported by evidence indicating omitted details of theft in net capital reports. Under the Impact tactic, the analysis identified Defacement: Internal Defacement (T1491.001) with moderate confidence (50%), supported by evidence indicating false impression that customer assets remained unaffected. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Bitkub Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/bitkub/incident/BIT1784881647
- Bitkub CyberSecurity Rating page: https://www.rankiteo.com/company/bitkub
- Bitkub Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/bit1784881647-bitkub-cyber-attack-may-2021/
- Bitkub CyberSecurity Score History: https://www.rankiteo.com/company/bitkub/history
- Bitkub CyberSecurity Incident Source: https://thecyberexpress.com/bitkub-cyberattack-thailand-sec-complaint/
- Rankiteo A.I CyberSecurity Rating methodology: https://www.rankiteo.com/Images/rankiteo_algo.pdf
- Rankiteo TPRM Scoring methodology: https://static.rankiteo.com/model/rankiteo_tprm_methodology.pdf