24.07.2025 23:22
On July 24th, a significant security breach targeted WOO X, a cryptocurrency exchange, resulting in the theft of approximately $14 million in digital assets. This unauthorized access affected only nine user accounts, according to the exchange's official statement.
As a precautionary measure, WOO X immediately suspended all withdrawals. The exchange promptly contacted the affected users, assuring them of full reimbursement for their losses. This proactive response aimed to mitigate further damage and reassure the broader user base.
Further details from the exchange revealed that the stolen funds comprised various cryptocurrencies. Approximately twenty minutes after the initial announcement, WOO X reiterated the number of affected accounts and highlighted the prevention of numerous attempted withdrawals after the breach was detected. The exchange remained resolute in its commitment to compensate all affected users for their losses in full.
Subsequent updates from WOO X provided the total value of the stolen assets, specifying the sum as $14 million. The exchange also publicly released six cryptocurrency addresses believed to be associated with the perpetrator. However, as of this writing, technical specifics regarding the breach's methodology and the timeline for restoring withdrawal services remain undisclosed.
Independent cybersecurity firm, Cyvers Alerts, independently corroborated WOO X’s report, detecting suspicious transactions exceeding $12 million across multiple blockchains including Bitcoin, Ethereum, BNB Chain, and Arbitrum. Their analysis detailed a complex series of transactions involving token swaps and transfers to newly created addresses, illustrating the sophisticated nature of the attack. One notable transaction involved the transfer of $1 million in USDT from a WOO X hot wallet to an Ethereum address, which was then converted to ETH and subsequently transferred to a different address. Similar patterns were observed on the BNB Chain.
WOO X has pledged to provide future updates, particularly concerning the resumption of withdrawals and a more thorough explanation of the attack vector. The exchange emphasized that the incident was confined to a small number of accounts holding substantial cryptocurrency amounts. While reassuring users of their commitment to transparency, WOO X's statement highlights the complexity and ongoing investigation into this significant security incident sourced from internet reports.
