Crypto buying and selling platform Woo X paused withdrawal companies after a cybersecurity breach affected a number of accounts, resulting in $14 million in losses.
9 consumer accounts skilled “unauthorized withdrawals” on Thursday, the Woo X crew mentioned in an X post. The crew added that the incident has since been contained:
“The incident was rapidly detected, and as a precaution, withdrawals have been paused, and most of the withdrawals have been blocked. We have already contacted the affected customers, and all unauthorized withdrawals can be lined.”
Cointelegraph reached out to Woo X however was unable to acquire a response from the buying and selling platform by the point of publication.
Crypto hacks proceed to be a significant problem affecting crypto users and inflicting billions of {dollars} in monetary losses, which is repellent to potential crypto customers and hinders the widespread adoption of the asset class.
Associated: Crypto hacks surpass $3.1B in 2025 as access flaws persist: Hacken
A number of crypto platforms have been hacked within the final two weeks
At the very least three crypto trade platforms suffered hacks or cybersecurity exploits within the final two weeks of July, as losses from crypto hacks cross $3.1 billion to date this yr.
Arcadia Finance, a decentralized finance (DeFi) platform, was attacked on June 15, causing $3.5 million in user losses. The attacker exploited Arcadia’s Rebalancer good contract to empty the funds.
Crypto trade BigONE was hacked on July 16, dropping $27 million by means of a hot-wallet breach. “Upon investigation, it was confirmed to be the results of a third-party assault focusing on our sizzling pockets,” the crew said in a safety replace following the incident.
Indian crypto trade CoinDCX fell prey to a hack days in a while July 19, inflicting the platform to lose $44 million from an inner account used for ”liquidity provisions,” the trade’s CEO, Sumit Gupta, said.
No consumer funds have been affected within the hack, and the trade has launched a White Hat bounty program on Monday to recuperate the stolen funds.
This system gives as much as 25% of the full quantity of crypto recovered by moral hackers and onchain cybersecurity companies.
Journal: Outrage as $1.8B ‘DGCX’ crypto scam ringleader mocks victims: Asia Express
