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Crypto exchange AscendEX to reimburse affected users in Dec 11 hack

Hackers stole $77.7 million in crypto, $60 million of which are in Ether (ETH).

Image by: Wikimedia Commons

Wed, 15 Dec 2021, 07:03 am UTC

Singapore-based crypto exchange AscendEX suffered a security breach where$77.7 million worth of Ethereum (ETH), Polygon, and other tokens were stolen by hackers. However, the company assured that users affected by the hack will be reimbursed.

AscendEX confirmed that the hack happened on December 11, 2021, and involved one of the exchange’s hot wallets. However, the company assured that crypto-assets in its cold wallets are safe.

“Update to Security Incident: On December 11 at approximately 22:00 UTC, AscendEX identified a number of unauthorized transfers from one of our hot wallets,” the crypto exchange posted on Twitter. “A security response was initiated immediately. Cold wallets are unaffected and any impacted users will be reimbursed 100%”

Blockchain security firm PeckShield estimated that hackers were able to steal around $77.7 million in various cryptocurrencies. Around $60 million of the stolen tokens are Ether (ETH), the native crypto of the Ethereum blockchain.

“Estimated loss at AscendEX_Global: $77.7M in total ($60M ethereum, $9.2M BinanceChain, $8.5M 0xPolygon,” PeckShield said. The company also provided a list of the transferred-out assets and their amounts.

Hackers also stole around $10.8 million in TARA, according to Coindesk. The crypto exchange likewise lost some tokens of the stablecoins USDT and USDC with a combined value of $10.7 million. In addition, Shiba Inu worth $145,000, and Polygon MATIC valued at $691,000 were also stolen by the hackers.

“Unimpacted assets have been transferred to our cold wallets as we continue to investigate,” the crypto exchange announced. “The impacted assets are a relatively small percentage of total exchange assets.”

AscendEX suspended withdrawals as it conducted a security review. The company is currently working “to restore deposit and withdrawal service gradually after ensuring a safe state.” The platform will be reopened and customers can transfer assets once more after the thorough security review is completed.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

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  • 2021.12.28 14:03:01
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

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Visit: https://darkwebcycberhackers.com/
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  • Brittanydustin
  • 2021.12.28 14:02:59
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Brittanydustin
  • 2021.12.28 14:02:57
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Brittanydustin
  • 2021.12.28 14:02:55
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Lydiacarol
  • 2021.12.17 09:16:20
Hello guys, I just want to share my joyful experience about HACK VANISH CREDIT SPECIALIST. Before the coronavirus pandemic, I had criminal Judgments, few evictions, and late payment which negatively impacted my credit score down to 487 and left me in difficult financial situation, as a single mum of 3, I needed a loan to keep the family running after I lost my husband as a result of COVID-19, all hope were lost, until Mrs. Olivia referred me to HACK VANISH, a credit genius who was very helpful in fixing my credit 6 days after I reached out to him via Email: hackvanish (At) gmail (Dot) com and Phone: +1(747) 293-8514, throughout the process, I felt so involved because an open line of communication was maintained till I got my FICO score restored to 796, currently my loan application has been approved. If you need to hire a credible hacker, HACK VANISH is highly recommended.
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  • wahi3433522
  • 2021.12.15 13:50:21
CONTACT THE BEST LOTTERY SPELL CASTER FOR THE RIGHT LOTTERY NUMBERS NOW HIS LOTTERY SPELL IS 100% GUARANTEE WHATSAPP +18488416266

Winner of $533 million Mega Millions jackpot Richard Wahl, I want to share my wonderful testimony of how a powerful spell caster called Dr Prince helped me to win lottery, i have been playing lottery for a long time now but I had no luck everything changed when I messaged Dr Prince about winning the lottery he assured me that I will be the next winner he told me what to do and I did it and 24 hours later he sent me the lottery numbers and I played it I couldn't believe it I won $533 million dollars it's was the best thing that have ever happened to me in my life. If you want to win a lottery WhatsApp or Call Dr Great on this number +18488416266 or email him at [email protected]
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