3 places robbed in 2 weeks···Coin exchanges with '122.2 billion won robbed'

WOO X·BigONE·CoinDCX and Others Consecutively Hacked... "Over 4 Trillion Won Stolen This Year"

Taiwanese virtual asset exchange WOO X announced today that it suffered a hacking incident yesterday, resulting in damages of $14 million (approximately 19.3 billion won), and has suspended all withdrawal services.

According to WOO X, unauthorized withdrawals occurred from 9 user accounts yesterday, and they immediately detected the incident to prevent further damage. WOO X stated in an official statement that "we have already contacted the affected users and will fully compensate all unauthorized withdrawn amounts".

This incident is the third major cryptocurrency hacking case in the past two weeks. On the 15th, $3.5 million (approximately 4.8 billion won) was stolen from the DeFi platform Arcadia Finance, and on the 16th, a hot wallet hacking of $27 million (approximately 37.5 billion won) occurred at the virtual asset exchange BigONE. On the 19th, an incident occurred where $44 million (approximately 60.6 billion won) was leaked from CoinDCX, India's largest virtual asset exchange.

CoinDCX introduced a white hat bounty program to recover the hacked funds, announcing that they will compensate 25% of the recovered amount. This is interpreted as a measure to encourage hackers to voluntarily return the funds.

The damage from virtual asset hacking this year has already exceeded $3.1 billion (approximately 4.272 trillion won). These recent consecutive hacking incidents clearly demonstrate the security vulnerabilities of virtual asset exchanges and can be a serious factor hindering the healthy growth of the virtual asset market.

Meanwhile, WOO X added that it is conducting a comprehensive review of its security system and is reviewing the timing of resuming withdrawal services.

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr