WOO X halted withdrawals after a $14 million hack targeting nine user accounts
The post WOO X halted withdrawals after a $14 million hack targeting nine user accounts appeared on BitcoinEthereumNews.com.
Crypto exchange WOO X has paused transactions after discovering a hack that drained $14 million from user accounts. It remains unclear exactly how the breach happened, but security experts report that the losses were limited to individual user wallets rather than assets held by the company itself. 1. To provide further details, the incident has affected 9 user account who had unauthorized withdrawals placed. The incident was quickly detected and as a precaution, withdrawals were paused and many of the withdrawals were blocked. We've already contacted the affected users,… — WOO X (@_WOO_X) July 24, 2025 “The incident was quickly detected and as a precaution, withdrawals were paused and many of the withdrawals were blocked,” WOO X said in a statement. “We’ve already contacted the affected users, and all unauthorized withdrawals will be covered.” Shortly after the breach came to light, WOO X halted withdrawals and issued a public statement to confirm that its systems had been compromised and $14 million was drained. The breach affected nine accounts belonging to users According to the exchange, the breach affected nine accounts, all of which belonged to users rather than the company. Initial assessments had put the total at $12 million, but later analysis showed $14 million was stolen. The WOO X exchange is continuing its internal inquiry into how the intruders gained access and says it will share more information as it becomes available. The exchange mentioned that several withdrawals from the affected accounts were blocked, and the affected users have been contacted. It added that the exchange will cover all user funds lost in unauthorized withdrawals. To contain further loss, the firm is collaborating with outside security specialists and other trading platforms to trace and stop the movement of stolen funds. CoinGecko data indicates that WOO X’s trading volume jumped…
