WOO X Hit by $14M Exploit: 9 Users Impacted as Exchange Freezes Withdrawals

Another day, another crypto heist—WOO X joins the club with a $14 million security breach. Only nine users got burned, but the exchange isn’t taking chances.

Withdrawals slammed shut faster than a bank during a recession. No fancy footwork here—just cold, hard blockchain triage.

Meanwhile, the exploit’s architect is probably sipping margaritas on a beach, laughing at the ‘unhackable’ promises of centralized exchanges. Stay paranoid, folks.

$14 million stolen through different tokens

Roughly 20 minutes later, the companythat nine accounts were affected, emphasized that many attempted withdrawals had been blocked once the issue was detected, and repeated its commitment to cover all losses.

About an hour, WOO X updated the tally to $14 million and published six addresses that it claimed belonged to the exploiter. 

As of press time, the exchange did not provide further technical details on how the attacker gained access to the accounts or when withdrawals WOULD be restored.

Around an hour after WOO X’s first announcement, Cyvers Alertsdetecting more than $12 million in suspicious flows involving the exchange across Bitcoin, ethereum (ETH), BNB Chain, and Arbitrum. 

According to Cyvers, 1 ETH address received $1 million in USDT from a WOO hot wallet, swapped it to ETH, and later moved $7.3 million to a new address. 

On BNB Chain, 5 BTCB were received from WOO, converted to BNB, and transferred to another brand-new address.

WOO X said it will provide another update once withdrawals are re-enabled. 

For now, the company assured users that the incident was limited to a small set of accounts that held a significant amount of crypto, and pledged to release more details about the attack vector and the timetable for restoring full platform functionality.