The incident, initially reported as a $12 million loss, was later confirmed by WOO X to involve more extensive damage. 💸
The attack was first flagged by blockchain security firm Cyvers, which detected unusual activity across multiple networks including BTC, ETH, BNB, and ARB. WOO X responded swiftly, acknowledging the breach and clarifying that only user accounts—rather than internal wallets—were affected. 🧠
While the exact method of the exploit remains unclear, the firm emphasized it is working closely with cybersecurity teams such as Seal911 and Hypernative to track the stolen funds. 🕵️♂️
The exchange added, “There’s no timeline yet for withdrawals to resume. We’re prioritizing full security reassessment to prevent any future breaches.”
The incident adds to a growing list of major exchange hacks in 2025. In recent weeks alone, CoinDCX lost $44 million, BigONE suffered a $27 million hit, and GMX was drained of $42 million—marking a troubling pattern of vulnerability across the industry. 😅
Despite the setback, WOO X has been notably transparent in its response, keeping users informed and cooperating with the broader security community to recover the lost funds. 🤝
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2025-07-25 12:30