{"id":380016,"date":"2021-12-12T10:16:54","date_gmt":"2021-12-12T07:16:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ascendex-loses-80m-following-erc-20-bsc-polygon-hot-wallet-compromise\/"},"modified":"2021-12-12T10:16:54","modified_gmt":"2021-12-12T07:16:54","slug":"ascendex-loses-80m-following-erc-20-bsc-polygon-hot-wallet-compromise","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ascendex-loses-80m-following-erc-20-bsc-polygon-hot-wallet-compromise\/","title":{"rendered":"# AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise"},"content":{"rendered":"<p>&#8220;<strong># AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains.<\/p>\n<p>Soon after realization, AscendEX proactively <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AscendEX_Global\/status\/1469886844787691528\">warned<\/a> its users about the stolen funds, confirming that the hackers were not able to access the company\u2019s cold wallet reserves.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">22:00 UTC 12\/11, 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\u2019s funds are affected by the incident, they will be covered completely by AscendEX.<\/p>\n<p>\u2014 AscendEX (@AscendEX_Global) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AscendEX_Global\/status\/1469886844787691528?ref_src=twsrc%5Etfw\">December 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to PeckShield, a blockchain security and data analytics company, around $60 million worth of tokens were transferred over the Ethereum blockchain. Tokens stolen from the Binance Smart Chain and Polygon are worth $9.2 million and $8.5 million respectively, as evidenced by EtherScan <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/tokentxns?a=0x2c6900b24221de2b4a45c8c89482fff96ffb7e55\">data<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Estimated loss <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AscendEX_Global?ref_src=twsrc%5Etfw\">@AscendEX_Global<\/a>: $77.7M in total ($60M on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\">@ethereum<\/a> $9.2M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BinanceChain?ref_src=twsrc%5Etfw\">@BinanceChain<\/a> $8.5M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a>). Here is the list of the transferred-out assets and their amounts on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\">@ethereum<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/VC4DKOwu4f\">pic.twitter.com\/VC4DKOwu4f<\/a><\/p>\n<p>\u2014 PeckShield Inc. (@peckshield) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/peckshield\/status\/1469915194004766722?ref_src=twsrc%5Etfw\">December 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some of the popular tokens stolen in this hack include USD Coin (USDC), Tether (USDT), and Shiba Inu (SHIB). However, AscendEX is yet to officially confirm the exact worth of the tokens taken away by the hackers.\u00a0<\/p>\n<p>The company also announced to help the affected users by covering up their losses due to this attack. <\/p>\n<p><strong>Related: <\/strong><strong><em>Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit<\/em><\/strong><\/p>\n<p>Just last week on Dec. 05, a similar attack on crypto exchange BitMart resulted in a loss of nearly $200 million due to a hot wallet compromise hosted over the Ethereum and Binance Smart Chain blockchains. <\/p>\n<p>As reported by Cointelegraph, the hack was a straightforward case of transfer-out, swap, and wash:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/b955088d-4ba5-40f8-9200-7d54ebe99928.jpg\"><figcaption style=\"text-align: center;\">Transfer of stolen tokens on Bitmart. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/peckshield\/status\/1467318513971118083\">PeckShield<\/a><\/figcaption><\/figure>\n<p>While BitMart CEO Sheldon Xia confirmed the losses over <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, he announced a temporary stop on all withdrawals and deposits while further investigations were underway.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The deposit and withdrawal function of all tokens will be resumed step by step, along with the recovery progress of security testing and public chain development. No worries, we are marching forward, security will be always the first priority.<\/p>\n<p>\u2014 Sheldon Xia (@sheldonbitmart) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sheldonbitmart\/status\/1468459345465823239?ref_src=twsrc%5Etfw\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ascendex-loses-80m-following-erc-20-bsc-polygon-hot-wallet-compromise\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise &#8221; Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":380017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvN2U3ZmQzZGEtYTAwMS00NDM1LWEwNTEtZTY0NjljNWYyMjUxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,74894,97532,74863,74891,74882,113408,70944],"class_list":["post-380016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-blockchain","tag-bsc","tag-cryptocurrencies","tag-ethereum","tag-hacks","tag-polygon","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/380016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=380016"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/380016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/380017"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=380016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=380016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=380016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}