Cryptocurrency exchange AscendEx on the afternoon of December twelve announced that it was attacked by hackers, resulting in the reduction of a big sum of cryptocurrencies.
![](https://coinlive.me/wp-content/uploads/2021/12/AscendEx-exchange-hacked-estimated-loss-of-777-million-in.jpg)
AscendEx claimed to have found that a big sum of Ethereum, Binance Smart Chain and Polygon tokens had been withdrawn from the wallet all around 05:00 on twelve/twelve (Vietnam time). The exchange confirmed that its cold wallet is nevertheless protected and announced it will compensate these impacted.
22:00 UTC twelve/eleven, we have detected a quantity of ERC-twenty, BSC and Polygon tokens transferred from our scorching wallet. Cold Wallet is NOT interested. Investigation in progress. If a user’s money are impacted by the incident, they will be entirely covered by AscendEX.
– AscendEX (@AscendEX_International) December 12, 2021
Even so, a lot of AscendEx end users declare that they have not been in a position to withdraw or trade for hrs with out warning.
The PeckShield safety unit estimates the complete sum of AscendEx’s reduction to be about $ 77.seven million, primarily in ERC-twenty tokens.
Estimated reduction @AscendEX_Global: $ 77.seven million in complete ($ 60 million on @etereum $ 9.two million @BinanceChain $ eight.five million @ 0xPolygon). Here is the checklist of assets offered and their sum on @etereum pic.twitter.com/VC4DKOwu4f
– PeckShield Inc. (@peckshield) December 12, 2021
AscendEx ASD Token price tag is “capping” immediately after the hacked trade details is confirmed.
![](https://coinlive.me/wp-content/uploads/2021/12/AscendEx-exchange-hacked-estimated-loss-of-777-million-in.png)
According to CoinMarketCap, AscendEx is at present the 35th greatest cryptocurrency exchange, with a 24-hour trading volume of more than $ 106 million.
This is the 2nd consecutive week that the exchange has been hacked, ahead of BitMart’s on December 5th with an sum stolen of up to $ 200 million.
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