• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The WOO X platform stopped operations since Kronos Research was hacked for $25 million

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The hacking incident that triggered $25 million in harm to marketplace maker Kronos Research triggered the WOO X exchange to suspend operations for a handful of hrs.

The WOO X platform stopped operations since Kronos Research was hacked for $25 million. Photo: CryptoRand

Early in the morning of November 19, the WOO

As a end result, marketplace maker Kronos Research admitted that the attackers had hacked the API, withdrawn a massive sum of assets and had been unable to proceed trading usually. However, Kronos Research explained the stolen cash “does not represent a majority of the company’s assets” and will resume operations as quickly as probable.

It seems to be much more than $twenty.three million (12800+ ETH)

0x2b0502FDab4e221dcD492c058255D2073d50A3ae pic.twitter.com/sLnFA0VXhk

— ZachXBT (@zachxbt) November 18, 2023

“On-chain detective” ZachXBT estimates that the reduction suffered by Kronos Research quantities to twelve,800 ETH, well worth about $25 million.

Shortly following the information broke, WOO The exchange explained that Kronos Research is the biggest marketplace maker on this platform, supplying up to forty% of complete spot and futures liquidity, so it had to urgently halt trading to secure end users.

A handful of hrs later on, WOO

Status update
– First of all, all customers’ products are secure
– TLDR, our biggest liquidity supplier, Kronos Research, not too long ago suffered a cyber assault which triggered all trading on WOO
– Since Kronos Research is the foremost liquidity supplier for the spot markets and surrounding parts… https://t.co/sDR8QHvmZC

— WOO X (@_WOO_X) November 18, 2023

The exchange claims that users’ assets are nonetheless secure.

The selling price of WOO token is dropping by much more than 9.five% due to the over incident.

WOO token selling price fluctuations in the final 24 hrs, screenshot from CoinMarketCap as of 09:45 on November 19, 2023

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

COURT WOO X spot futures trading volume in excess of the previous 24 hrs was virtually $150 million.

Second Wu BlockchainA Taiwanese court has convicted two former Kronos Research staff members for staying dissatisfied with the firm and for intentionally sabotaging the fund’s operations, resulting in a reduction of $one.four million.

Two engineers dissatisfied with the unpaid bonus tampered with the code of cryptocurrency quantitative trading group Kronos Research prior to leaving, triggering the firm to eliminate $one.four million. Two persons have been sentenced to fixed-phrase imprisonment by the Taipei court, but they can spend a…

— Wu Blockchain (@WuBlockchain) August 27, 2023

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest problems in the DeFi marketplace in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: HackhackedKronosmillionOperationsplatformResearchResearch on KronosstoppedWoo
Share76Tweet47

Related Posts

Ethereum’s Pectra Upgrade Enhances Protocol Capabilities

by shark
June 1, 2025
0

Ethereum's Pectra upgrade, coordinated by the Ethereum Foundation, went live on May 7, 2025, enhancing network functionality.

US Sanctions Philippines Tech Firm Over Crypto Scams

by shark
June 1, 2025
0

Funnull Technology Inc., a tech firm based in the Philippines, has been sanctioned by the US Treasury for enabling crypto...

Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era

by shark
June 1, 2025
0

Lunar Digital Assets, backed by the Litecoin Foundation, launched LitVM, a zero-knowledge Layer-2 network for the Litecoin ecosystem at the...

FTX Distributes $5 Billion Amid Recovery Efforts

by shark
June 1, 2025
0

FTX initiates a $5 billion payout to creditors under John J. Ray III's leadership.

Yuga Labs Sells Moonbirds IP to Orange Cap Games

by shark
June 1, 2025
0

Yuga Labs sells Moonbirds NFT IP to Orange Cap Games, refocusing efforts on Bored Ape Yacht Club and Otherside projects,...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ethereum’s Pectra Upgrade Enhances Protocol Capabilities
  • US Sanctions Philippines Tech Firm Over Crypto Scams
  • Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era
  • XRP Targets $21.60, Monero Drops, BlockDAG Nears $279M
  • FTX Distributes $5 Billion Amid Recovery Efforts
  • Yuga Labs Sells Moonbirds IP to Orange Cap Games
  • SEC Confirms $TRUMP Token Not a Security
  • Brazil’s Méliuz Plans $26M Share Sale for Bitcoin
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7