The cryptocurrency exchange WOO X temporarily suspended operations after a massive hack that resulted in a loss of $14 million. The incident, which occurred on July 24, 2025, affected nine user accounts, from which the attackers made unauthorized withdrawals of assets, including $BTC , $ETH, $BNB , and $ARB . According to the platform's statements, the hackers exploited a phishing attack, compromising the device of one of the team members.
WOO X promptly halted withdrawals, localized the problem, and engaged experts from Seal911 and Hypernative for an investigation. The exchange assured that the platform's reserves were unaffected and that user losses would be fully compensated. An analysis of the incident is ongoing, and withdrawals will remain suspended until the verification is complete.
This incident became part of a wave of attacks on cryptocurrency exchanges in July, including the hacks of BigONE ($27 million) and CoinDCX ($44 million). Experts emphasize the need to strengthen security, particularly against phishing. While WOO X shows a willingness to compensate for losses, the incident highlights the vulnerability of centralized platforms. Stay updated on cryptocurrency market news from #MiningUpdates
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