The Crypto Woo X trading platform has paused for removal services after a cybersecurity violation affects several accounts, leading to $ 14 million in losses.
Nine user accounts experienced “unauthorized retreat” on Thursday, the Woo X team said in an x Post. The team added that the incident has since enclosed:
“The incident was quickly noticed, and to be careful, the backwards were paused, and many of the backwards were blocked. We have already contacted the affected users, and all unauthorized withdrawals are covered.”
Cointelegraph reached Woo X but did not get a response from the trading platform at the time of publication.
Crypto hacks continue to be a Significant problems affecting crypto users And it causes billions of dollars in financial losses, which are repellent to prospects that use crypto and prevent widespread asset class adoption.
Related: Crypto hacks exceeded $ 3.1B in 2025 as accessing continues: Hacken
Many crypto platforms have been hacked in the last two weeks
At least three crypto exchange platforms suffered hacks or cybersecurity exploitation in the last two weeks of July, as losses from crypto hacks crossed $ 3.1 billion to this year.
Arcadia Finance, a decentralized financial platform (DEFI), was attacked on June 15, Causes $ 3.5 million in user losses. The attack took advantage of the Arcadia rebalancer contract to deplete the funds.
Crypto exchange That -hack the bigone On July 16, it lost $ 27 million through a violation of the hot wall. “During the investigation, the result of a third-party attack has been confirmed targeted in our hot purse,” the team Says In a security update following the incident.
Indian Crypto Exchange Coindcx was victimized in a hack Days later on July 19, which caused the platform’s loss of $ 44 million from an internal account used for the “Liings of Liquid,” the CEO of the exchange, Sumit Gupta, Says.
No user funds affected by hack, and the exchange launched a White Hat Bounty Program on Monday to recover stolen funds.
The program offers up to 25% of the total crypto amount obtained by onchain’s ethical hackers and cybersecurity companies.
Magazine: Anger as $ 1.8B ‘DGCX’ Crypto Scam Ringleader is joking with victims: Asia Express
