WOO X continues to freeze withdrawals as hack details emerge |
The Taiwan-based crypto exchange WOO X still hasn’t lifted its temporary withdrawal ban after $14 million in crypto was stolen from users of the exchange via a phishing attack. The exchange’s latest statement on X (formerly Twitter) said it would provide an update once it has reopened its withdrawal systems. It also revealed that a phishing attack targeting one of its employees gave way to the hack that stole from nine user accounts. WOO X said that, despite its “many security measures” limiting the exploiters’ access, they were still given the time to “coordinate a series of withdrawals from the user accounts.” However, six hours after this statement was released, no further update has been provided. The hacker also reportedly began requesting withdrawals at 13:50 UTC +8, until they were eventually halted almost 2 hours later. Update 3: The exploit stemmed from a team member device being compromised in a targeted phishing attack, allowing the ...
