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Trading Platform WOO X Temporarily Suspends Withdrawals After $13 Million Suspicious Crypto Outflow
WOO X, a leading cryptocurrency trading platform, has announced the temporary suspension of withdrawals following a significant and suspicious crypto outflow. According to reports, approximately $13 million was siphoned off from the exchange’s hot wallets, affecting nine user accounts.
In an official statement, WOO X revealed that it had identified the issue and swiftly blocked several unauthorized transactions. The exchange has since reached out to all affected users and assured them that they will be fully compensated for any losses incurred. Trading activities remain unaffected, and user funds are secure, but withdrawals have been disabled pending the completion of an internal review.
The incident was first reported by Cyvers Alerts, a prominent crypto intelligence provider, which estimated the loss at over $12 million across various blockchains, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Arbitrum (ARB), and Tron (TRX). The alert claimed that a suspicious address on ETH received $1 million in USDT from WOO’s hot wallet, with additional ETH transactions following.
The platform has apologized for the inconvenience caused and asks for its users’ patience and understanding as it works to resolve the issue.
Source: cryptobriefing.com
