Hackers withdrew almost $8 million from the hot wallet of the LCX bitcoin exchange
Hackers have hacked the hot wallet of the LCX bitcoin exchange registered in Liechtenstein. The company reported that ERC-20 tokens were stolen during the attack. The deposit and withdrawal of funds on the platform has been suspended for the duration of the investigation.
According to PeckShield analysts, hackers withdrew assets worth $6.8 million from the platform, including $3.43 million in USD Coin (USDC) stablecoin and $2.22 million in the LCX exchange native token.
According to on-chain data, most of the stolen tokens have already been sent by unknown persons to the address of the Tornado Cash transaction mixing service. At the time of writing, a little more than $1.07 million in ETH and LCX remained in the attackers’ wallet.
The Bitcoin exchange has not announced plans to return the stolen funds.
The platform team stressed that users’ funds are safe.
In December 2021, hackers withdrew more than $77 million in cryptocurrency from the hot wallets of the Singapore AscendEX exchange. In the same month, attackers attacked the BitMart platform registered in the Cayman Islands — the amount of damage exceeded $ 150 million.
Recall that over the past ten years, the cumulative damage to cryptocurrency platforms and their users from the actions of hackers and scammers has exceeded $12 billion, according to Crystal Blockchain.