Singapore-based stablecoin payments firm Triple-A confirmed on Monday that unauthorized access to its treasury wallets caused the loss of company-owned digital assets valued at about 11.8 million dollars. The company detected the intrusion on Saturday and briefly suspended certain services for roughly three hours while securing the affected systems. Client funds remained untouched because Triple-A does not hold digital assets for customers and maintains those balances separately in trust accounts at safeguarding institutions.

The financial impact was confined to specific operational accounts and will be covered entirely from the firm’s treasury reserves. All services have since been restored and transactions along with settlements are proceeding without interruption. Triple-A is collaborating with cybersecurity experts, blockchain forensics teams and law enforcement agencies, including the Singapore Police Force, to investigate the breach, track the stolen assets and pursue recovery. The firm has not released details on the precise method of compromise.