According to a report from PeckShield, it appears that some tokens on the AscendEX exchange (formerly Bitmax) have been unusually moved out of the platform’s hot wallet.
AscendEX reports a loss of $77.7 million
According to a report from PeckShield, it appears that some tokens on AscendEX exchange (formerly Bitmax) have been unusually moved out of the platform’s hot wallet.
Source: PeckShield
Accordingly, a number of tokens including ERC-20, Binance Smart Chain (BSC), and Polygon were abnormally moved out of the exchange’s hot wallet. All deposits and withdrawals have been suspended. The loss recorded so far is about $77.7 million.
Accordingly, the estimated loss is over $60 million worth of Ethereum, $9.2 million from BSC tokens, and $8.5 million in Polygon.
22:00 UTC 12/11, We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is NOT affected. Investigation underway. If any user’s funds are affected by the incident, they will be covered completely by AscendEX.
— AscendEX (@AscendEX_Global) December 12, 2021
To date, AscendEX has proactively warned users about the stolen funds. The exchange also confirmed that hackers were unable to access the company’s cold wallet reserves. The company also announced that it will help affected users by compensating for the damage caused by this attack.
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