The Crypto Woo X trading platform has paused with withdrawal services after a violation of cybersecurity affected several accounts, which resulted in $ 14 million in losses.
Nine user accounts experienced “unauthorized withdrawals” on Thursday, said the Woo X team in a post X. The team added that the incident had since been contained:
“The incident was quickly detected and, as a precaution, withdrawals were interrupted and many withdrawals were blocked. We have already contacted affected users, and all unauthorized withdrawals will be covered. ”
Cointtelegraph stuck with Woo X but could not get a response from the trading platform at the time of publication.
Cryptographic hacks continue to be an important problem affecting cryptography users and causing billions of dollars in financial losses, which is repulsive to potential cryptography users and hinders the generalized adoption of the asset class.
In relation: Crypto hacks exceeded $ 3.1 billion in 2025 while access defects persist: Hacken
Several crypto platforms have been hacked in the past two weeks
At least three crypto exchange platforms have undergone hacks or cybersecurity exploits in the last two weeks of July, while crypto hacks losses exceed $ 3.1 billion this year.
Arcadia Finance, a decentralized financing platform (DEFI), was attacked on June 15, causing $ 3.5 million in user losses. The attacker exploited the intelligent rebalancing of Arcadia rebalancing to empty the funds.
Crypto Exchange Bigone was hacked on July 16, losing $ 27 million thanks to a hot wallet violation. “During the investigation, he was confirmed as the result of a third -party attack targeting our hot portfolio,” the team said in a security update following the incident.
Indian Crypto Exchange Coindcx became the prey of hacking of hacking later on July 19, which caused $ 44 million to the platform of an internal account used for “liquidity provisions”, said CEO of exchange, Sumit Gupta.
No user funds have been assigned in hacking, and the exchange launched a White Hat bonus program on Monday to recover stolen funds.
The program offers up to 25% of the total quantity of crypto recovered by ethical hackers and ONCHAIN cybersecurity companies.
Review: Indignation as $ 1.8 billion “DGCX” Crypto Scam Ringleader Mocks Victim: Asia Express
