Alphapo

Alphapo operates as a centralized cryptocurrency payment provider. The company’s headquarters is situated in Brazil. It offers payment processing solutions that allow merchants to accept various digital currencies. Its service model includes custodial hot‑wallet management for client funds. Alphapo’s primary market segments consist of online gambling operators. Another significant client category comprises mystery‑box platforms. By integrating via APIs, merchants can settle transactions in cryptocurrency through Alphapo’s platform. The provider positions itself within the niche of crypto‑focused gateways serving regulated and semi‑regulated online entertainment businesses. No public disclosures detail the company’s ownership structure or parent‑subsidiary relationships.

On July 23, 2023, Alphapo suffered a security breach that compromised its hot‑wallet infrastructure. The incident resulted in the loss of more than sixty million dollars in client assets. Following the breach, the company reported substantial delays in processing withdrawal requests for its customers. The withdrawal delays affected both gambling‑site clients and mystery‑box platform users. On‑chain forensic analysis of the transferred funds revealed a transaction pattern consistent with the Lazarus Group. The Lazarus Group is a cyber‑crime outfit that has been linked to North Korean state‑sponsored activity. The attack is noted as one of the larger cryptocurrency thefts recorded in 2023. The event underscored the inherent risks associated with centralized custodial services in the crypto ecosystem. Beyond the incident details, publicly available sources do not provide further information on Alphapo’s scale, revenue, or employee count. The company continues to be identified by its alias Alphapo in industry reports and blockchain monitoring services.