Cryptocurrency Exchange Users Attacked: There is an Explanation!
The cryptocurrency exchange WOO X was the target of a $14 million cyber attack aimed at its users' accounts.
According to the official statement made by the centralized cryptocurrency platform WOO X, unauthorized withdrawal transactions were carried out from 9 user accounts. After the cyber attack, damage estimated at approximately $14 million occurred.
The cryptocurrency security firm Cyvers Alerts, which closely monitored the incident, stated that the attack was carried out through the Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Arbitrum (ARB), and Tron networks. According to initial data, the attackers converted approximately $1 million worth of Tether (USDT) into Ethereum and transferred $7.3 million worth of funds to unknown addresses. Additionally, 5 wrapped BTC on the BNB chain were converted into BNB tokens and sent to different addresses.
The company stated that the attack was quickly detected and brought under control, that withdrawal transactions were temporarily halted as a precaution, and that many unauthorized transactions were blocked. Furthermore, it was noted that the company would cover the losses of the affected users.
