The Taiwan-based crypto trade WOO X nonetheless hasn’t lifted its momentary withdrawal ban after $14 million in crypto was stolen from customers of the trade by way of a phishing assault.
The trade’s newest assertion on X (previously Twitter) stated it will present an replace as soon as it has reopened its withdrawal methods. It additionally revealed {that a} phishing assault concentrating on considered one of its staff gave method to the hack that stole from 9 consumer accounts.
WOO X stated that, regardless of its “many security measures” limiting the exploiters’ entry, they have been nonetheless given the time to “coordinate a series of withdrawals from the user accounts.”
Nonetheless, six hours after this assertion was launched, no additional replace has been supplied. The hacker additionally reportedly started requesting withdrawals at 13:50 UTC +8, till they have been ultimately halted virtually 2 hours later.
Replace 3: The exploit stemmed from a group member gadget being compromised in a focused phishing assault, permitting the exploiter to realize entry to the event atmosphere. Many safety measures restricted the entry, however gave the exploiter time to coordinate a collection of…
— WOO X (@_WOO_X) July 25, 2025
The most recent replace from WOO X revealing the reason for the $14 million hack.
Though WOO X has already briefly frozen withdrawals, it additionally introduced {that a} listing of tokens, together with Melania, Fartcoin, Trump, and Pengu, may even face momentary withdrawal freezes, primarily on the Solana community.
The trade has beforehand suffered liquidity points in 2023 when its market maker, Kronos Analysis, halted its buying and selling after any individual exploited its API keys to steal $26 million.
WOO X then took the choice to halt its markets, which it claimed would “protect users positions from a lack of liquidity,” since Kronos Analysis was the crypto trade’s largest supplier of liquidity.
Protos has reached out to WOO X, and its help group informed us that the trade will present additional updates in its social channels as soon as the investigation is totally accomplished.
