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HomeImmutableXAscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise By Cointelegraph

AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise By Cointelegraph


Cryptographic trading platform AscendEX suffered a loss of $ 77.70 million in a hot wallet breach that allows hackers to access and transfer tokens hosted on the Binance SmartChain and Polygon blockchains.

Immediately after realization, Ascend EX will be aggressive caveat Users about the stolen funds confirmed that the hacker could not access the company’s cold wallet reserve.

Transfer of stolen tokens in Bitmart. Source: PeckShield