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 group mentioned in an X publish. 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 downside 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
No less than three crypto alternate 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 12 months.
Arcadia Finance, a decentralized finance (DeFi) platform, was attacked on June 15, inflicting $3.5 million in consumer losses. The attacker exploited Arcadia’s Rebalancer sensible contract to empty the funds.
Crypto alternate BigONE was hacked on July 16, shedding $27 million via a hot-wallet breach. “Upon investigation, it was confirmed to be the results of a third-party assault focusing on our scorching pockets,” the group mentioned in a safety replace following the incident.
Indian crypto alternate 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 alternate’s CEO, Sumit Gupta, mentioned.
No consumer funds have been affected within the hack, and the alternate has launched a White Hat bounty program on Monday to get better the stolen funds.
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