Crypto Exchange AscendEX Hacked, Around Eighty Million Dollars Purportedly Appropriated

AscendEX, a digital asset exchange that recently celebrated its 3rd anniversary, confirmed that a couple of virtual assets were transferred out of its hot wallet recently. While the exchange is yet to state the total amount appropriated, early approximations indicate that the funds are worth around eighty million dollars.

The organisation acknowledged detecting an undisclosed number of crypto assets based on Binance Smart Chain, Polygon, and Ethereum being moved out of its hot wallet earlier on 12th December.

The exchange mentioned that it had started an investigation and that the cold wallets were not affected. Apart from that, AscendEX mentioned all users that had their funds unloaded will be “covered completely” by the crypto exchange.

The exchange did not provide particulars on which cryptocurrencies were maliciously moved out of the exchange or what’s their dollar value. Nevertheless, the blockchain security and data analytics resource PeckShield outlined the approximations later on.

The firm mentioned that the total loss is around seventy eight million dollars, with sixty million dollars on Ethereum, over nine million dollars on BSC, and approximately eight and a half million dollars on Polygon. PeckShield also provided a list of the moved-out cryptocurrencies.

Notably, this is the second high-end crypto exchange hack since the beginning of the month of December.