Crypto buying and selling platform Woo X paused withdrawal providers after a cybersecurity breach affected a number of accounts, resulting in $14 million in losses.
9 person accounts skilled “unauthorized withdrawals” on Thursday, the Woo X group stated in an X submit. The group added that the incident has since been contained:
“The incident was shortly detected, and as a precaution, withdrawals have been paused, and lots of the withdrawals have been blocked. We have already contacted the affected customers, and all unauthorized withdrawals will probably be coated.”
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 major drawback affecting crypto customers 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 entry flaws persist: Hacken
A number of crypto platforms have been hacked within the final two weeks
At the very least three crypto change platforms suffered hacks or cybersecurity exploits within the final two weeks of July, as losses from crypto hacks cross $3.1 billion to this point this yr.
Arcadia Finance, a decentralized finance (DeFi) platform, was attacked on June 15, inflicting $3.5 million in person losses. The attacker exploited Arcadia’s Rebalancer sensible contract to empty the funds.
Crypto change BigONE was hacked on July 16, shedding $27 million by way of a hot-wallet breach. “Upon investigation, it was confirmed to be the results of a third-party assault concentrating on our sizzling pockets,” the group stated in a safety replace following the incident.
Indian crypto change CoinDCX fell prey to a hack days in a while July 19, inflicting the platform to lose $44 million from an inside account used for ”liquidity provisions,” the change’s CEO, Sumit Gupta, stated.
No person funds have been affected within the hack, and the change has launched a White Hat bounty program on Monday to get well the stolen funds.
This system affords as much as 25% of the whole quantity of crypto recovered by moral hackers and onchain cybersecurity companies.
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