WOO X Exchange Suspends Operations After $14 Million Hack Targets User Accounts

Cryptocurrency exchange WOO X suspended all withdrawal operations Thursday after hackers stole $14 million from user accounts, according to blockchain security firm Cyvers. The breach affected nine specific user accounts rather than company-controlled wallets, the exchange confirmed in a statement.

What to Know:

• WOO X suspended withdrawals after $14 million was stolen from nine user accounts, not company wallets
• The hack involved suspicious transactions across Bitcoin, Ethereum, BNB, and Arbitrum networks
• The exchange is working with security teams including Seal911 to track stolen assets and has no timeline for resuming withdrawals

Exchange Confirms Breach Details

The centralized exchange initially estimated losses at $12 million when Cyvers first detected suspicious transactions across multiple blockchain networks. However, WOO X later revised the figure upward to $14 million after completing its preliminary assessment.

Cyvers reported detecting "multiple suspicious transactions" involving Bitcoin, Ethereum, BNB, and Arbitrum networks. One suspicious Ethereum address received $1 million in USDT from WOO's hot wallet along with additional Ethereum tokens, the security firm noted in a Twitter alert posted Thursday.