25.07.2025 20:49

A significant security breach at WOO X, a major cryptocurrency exchange, resulted in the theft of over $12 million in digital assets. Initial reports suggested losses exceeding $12 million, but further investigation indicates the figure may be closer to $14 million. The breach, first flagged by blockchain security firm Cyvers Alerts, targeted Bitcoin (BTC), Ethereum (ETH), BNB, and Arbitrum (ARB) networks.

Nine user accounts were affected in the incident, with WOO X explicitly stating that none of its own company accounts were compromised. In response, the platform immediately suspended all withdrawals to mitigate further losses and initiated an internal investigation. This swift action, coupled with a public commitment to fully reimburse affected users, aimed to alleviate concerns and maintain user confidence.

Remarkably, despite the hack, trading volume on WOO X surged by a staggering 260%. This unexpected increase confounded market analysts worldwide, underscoring the platform's resilience and perhaps indicating strong underlying user loyalty. WOO X has already contacted the affected individuals and is working diligently to recover the stolen funds.

The specifics of the attack, as revealed by Cyvers Alerts, include detailed transaction traces. For example, one suspicious Ethereum address received 1 million USDT from WOO X's hot wallet, subsequently exchanging it for ETH and transferring it to another address. Similar patterns were observed on the BNB Chain, involving the exchange of BTCB for BNB tokens and their subsequent transfer to new wallets. These intricate transactions, according to blockchain analysts, are currently being thoroughly investigated to identify and apprehend the perpetrators. The ongoing investigation promises further revelations into the complexities of this significant cryptocurrency heist.