Project representatives are continuing to investigate the incident.
Singapore crypto exchange AscendEX has been hacked. Hackers managed to withdraw nearly $78 million worth of assets from the trading platform. Information about the security system breakthrough appeared on the microblog of the crypto exchange.
- According to AscendEX representatives, cybercriminals gained access to the trading platform’s hot wallets. Client funds that are in cold storage, according to the crypto exchange team, are safe.
- PeckShield experts were among the first to publish their analysis of the incident. According to them, the scammers managed to withdraw $77.7 million worth of cryptocurrency from the platform.
- Most of the downsides, according to PeckShield, are tokens built on top of Ethereum. They accounted for about $60 million of the funds withdrawn. Also, the fraudsters, according to analysts, managed to gain access to assets built on the blockchains of Binance Smart Chain ($9.2 million) and Polygon ($8.5 million).
- As of this writing, the AscendEX team is investigating the incident.
- Against the background of the hack, messages from disgruntled users began to appear on the network. One of AscendEX’s clients accused the crypto exchange of being fraudulent. He claimed that 1 bitcoin was missing from his account even before it was hacked. In response to a client’s request for assistance in understanding the situation, an AscendEX representative advised him to contact the police.
It should be noted that a month earlier, AscendEX raised $50 million for expansion. Among other things, Alameda Research, the richest representative of the crypto industry, Sam Bankman-Fried, invests in crypto exchanges.