Taiwan-based crypto trade WOO X has briefly frozen withdrawals after $14 million value of crypto was stolen from 9 customers in an obvious hack.
These 9 WOO X accounts carried out “unauthorized withdrawals,” which safety analysts Cyvers Alerts says have been despatched to the hacker’s pockets earlier than being moved on.
WOO X claimed on X that it’s working with “external security teams and other exchanges to halt the flow of funds,” and shared the addresses of the exploiter in query.
It’s unclear how the exploiters have been capable of hack the accounts and extract the funds.
An announcement on WOO X’s web site mentioned it has reached out to affected customers and reassured them that “all unauthorized withdrawals will be fully covered.”
“As a precaution, withdrawals have been temporarily suspended while we complete the internal review,” it mentioned.
The trade added that it will present an replace when it re-enables withdrawals.
Protos has reached out to WOO X for remark and can replace if we hear again.
