WOO X was hacked, with losses exceeding $12 million, and the platform has temporarily suspended withdrawals

Planet News: Cyvers Alerts posted on X platform that suspicious transactions involving the trading platform WOO X were detected, covering BTC, ETH, BNB, and ARB networks, with estimated losses exceeding $12 million. On the Ethereum network, a suspicious address received $1 million worth of USDT and additional ETH from WOO's hot wallet. The $1 million USDT was then converted to ETH, after which approximately $7.3 million was transferred to a new address. The WOO team has confirmed the incident, stating: "We are investigating a restricted incident that occurred earlier today on the WOO X platform." Currently, user funds and transactions are unaffected, but the platform has temporarily suspended withdrawals during the investigation.