AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise

in #ascendex • 3 years ago

Out of the lot, around $60 million worth of tokens were transferred over the Ethereum blockchain alone. Tokens stolen from BSC and Polygon are worth $9.2 million and $8.5 million, respectively.
Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum, Binance Smart Chain and Polygon blockchains.

Soon after the realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able to access the company’s cold wallet reserves.

AscendEX_Hack.jpg

According to PeckShield, a blockchain security and data analytics company, around $60 million worth of tokens were transferred over the Ethereum blockchain. Tokens stolen from the Binance Smart Chain and Polygon are worth $9.2 million and $8.5 million, respectively, as evidenced by EtherScan data.

#hack
3 years ago in #ascendex by
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