After the compromise of ERC-20, BSC, and Polygon hot wallets, AscendEX lost $80 million


The crypto trading platform AscendEX suffered a loss of 77.7 million U.S. dollars in a hot wallet intrusion, which allowed hackers to access and transfer tokens hosted on Ethereum (Ethereum), Binance Smart Chain (BSC) and Polygon (Poly) Blockchain.

Soon after implementation, AscendEX took the initiative warn The user’s information about the stolen funds confirmed that hackers could not access the company’s cold wallet reserves.

According to blockchain security and data analysis company PeckShield, tokens worth approximately $60 million are transferred through the Ethereum blockchain.The tokens stolen from Binance Smart Chain and Polygon are worth 9.2 million USD and 8.5 million USD respectively, EtherScan proves this data.

Some popular tokens stolen in this hack include USD Coin (USDC), tether (USDT) And Shiba Inu (SHIB). However, AscendEX has not officially confirmed the exact value of the tokens taken by the hackers.

The company also announced that it would help affected users by covering up their losses caused by the attack.

related: After the Ethereum and Binance smart chain vulnerabilities were exploited, Bitmart was hacked for $200 million

On December 5th last week, similar attacks on the cryptocurrency exchange BitMart caused nearly 200 million U.S. dollars in losses due to the leak of hot wallets hosted on the Ethereum and Binance smart chain blockchains.

As reported by Cointelegraph, this hacking is a simple case of transfer, exchange and cleaning:

Transfer stolen tokens on Bitmart. source: woodpecker

BitMart CEO Chardon confirmed the loss on Twitter, but he announced the temporary suspension of all withdrawals and deposits, while further investigations are ongoing.