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But we saved everything 🙂.
WOO X hack: Withdrawals suspended, users promised full refund
Crypto exchange WOO X has temporarily suspended withdrawals following a hack that resulted in a $14 million loss. The platform's team is investigating the root cause and has pledged to fully compensate affected users.
According to WOO X, the exploit impacted nine user accounts — not company-held funds. Initially estimated at $12 million, a subsequent analysis revealed $14 million was stolen.
Blockchain tracker Cyvers identified suspicious transactions, alerted WOO X, and began monitoring the stolen funds across multiple blockchains, including Bitcoin, Arbitrum, Ethereum, Tron, and BNB Chain.
The exchange’s funds remain untouched — only user accounts were affected. The WOO X team confirmed the incident and announced a temporary withdrawal freeze during an internal investigation. They also emphasized their commitment to reimbursing users in full.
“The incident affected nine user accounts, from which unauthorized withdrawals were made. We’ve already contacted the impacted users, and all unauthorized withdrawals will be fully covered,” the exchange posted on its X (formerly Twitter) account.
WOO X is now working with external cybersecurity experts and other trading platforms to track and freeze the stolen assets.
Price dynamics of the WOO token for 24 hours. Source: CoinMarketCap
CoinGecko data shows WOO X trading volume surged by 265%, while its native token WOO dropped 6% to below $0.08.
As we wrote, CoinDCX hacked for $44 million, user funds remain safe
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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