Home arrow Article arrow Article Detail

Crypto Exchange AscendEx hacked worth $80 Million of Digital Assets

Profile Image



Dec, 13 2021

Dec, 13 2021

likes 0 | comments 0

Article Image

Cryptocurrency Exchange AscendEx faces a loss of $77.7Millions in Hot wallets compromises that allow hackers to access and move tokens hosted over Ethereum, Binance smart chain (BSC), and Polygon(Matic) blockchains.

As per AscendEx official tweet on 12th December. 2021 “ We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is not affected. Investigation underway. If Any user’s funds are affected by the incident, they will be covered completely by AscendEx.”

According to the security researcher Peckshield, the Blockchain and Data analytics company, nearby $60 M of tokens were moved over the Ethereum Blockchain. Hackers stolen tokens from the Binance smart chain (BSC) and $9.2 Million worth of polygon and $8.5Millions worth of ethereum, Eth transactions data.

In this hack, the most popular tokens hackers have stolen included stable coins like USDC ( USD COins ), UDST (Tether ), and SHIB (Shiba Inu). Large sums of Taraxa (TARA) and small amounts of Compound (COMP) tokens were stolen by hackers. The company officially announced to help the affected users who have affected wallets by covering up their losses due to a hacking attack. 

A few days back, the same attack happened with Crypto trading Exchange BitMart, their loss of approx $200 Million due to a hot wallet compromise hosted over the Eth and BSC Blockchain.

About the AscendEX (Formerly BitMex) :

AscendEx is a Singapore-based CryptoCurrency Exchange and Derivative trading platform that was founded in 2014 by Arthur Hayes. Formerly Company name was BitMex. It's a global digital asset financial platform. They offered to buy and sell Cryptocurrency with the most popular crypto trading pairs like ETH/USDT, BTC/USDT, and BTC/USDT. 

likes 0 Likes | comments 0 Comments

Profile Image


CBW - External Analyst


Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.