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BTCRepublic > News > Crypto Exchange WOO X Hacked, $14 Million Stolen From Users
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Crypto Exchange WOO X Hacked, $14 Million Stolen From Users

Oladapo Timothy
Last updated: July 24, 2025 7:23 pm
Oladapo Timothy
Published: July 24, 2025
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Disclosure: BTCRepublic provides analysis and forecasts but does not offer investment advice. Our content is for informational purposes only. Please conduct your own thorough research and consult with a financial advisor before making any investment in cryptocurrency.
Crypto Exchange WOO X Hacked, $14 Million Stolen From Users

Crypto exchange WOO X has paused transactions after discovering a hack that drained $14 million from user accounts. It remains unclear exactly how the breach happened, but security experts report that the losses were limited to individual user wallets rather than assets held by the company itself.

Contents
The breach affected nine accounts belonging to usersA number of Web3 platforms got hacked recently

We're currently investigating a contained incident that occurred on WOO X earlier today

While user funds and trading are unaffected, withdrawals have been temporarily paused while we complete the investigation.

Stay tuned to this account for updates: https://t.co/qWc9cDhn2z

— WOO X (@_WOO_X) July 24, 2025

“The incident was quickly detected and as a precaution, withdrawals were paused and many of the withdrawals were blocked,” WOO X said in a statement. “We’ve already contacted the affected users, and all unauthorized withdrawals will be covered.”

Shortly after the breach came to light, WOO X halted withdrawals and issued a public statement to confirm that its systems had been compromised and $14 million was drained. 

2. As we continue with the investigation, we can confirm losses of $14m from the affected accounts. These users will have all funds covered.

The exploiter's addresses:
EVMhttps://t.co/Mg6x5XXcR0https://t.co/zotQ43Vk7Y

BTChttps://t.co/VNjy1Tn575https://t.co/njhyF5DTST…

— WOO X (@_WOO_X) July 24, 2025

The breach affected nine accounts belonging to users

According to the exchange, the breach affected nine accounts, all of which belonged to users rather than the company. Initial assessments had put the total at $12 million, but later analysis showed $14 million was stolen.

The WOO X exchange is continuing its internal inquiry into how the intruders gained access and says it will share more information as it becomes available.

The exchange mentioned that several withdrawals from the affected accounts were blocked, and the affected users have been contacted. It added that the exchange will cover all user funds lost in unauthorized withdrawals.

To contain further loss, the firm is collaborating with outside security specialists and other trading platforms to trace and stop the movement of stolen funds. CoinGecko data indicates that WOO X’s trading volume jumped by 264.8 percent in the 24 hours following the hack.

Blockchain tracker Cyvers has started following the stolen assets through several blockchains, including Bitcoin, Arbitrum, Ethereum, Tron, and BNB Chain.

🚨ALERT🚨Our system has detected multiple suspicious transactions with an estimated loss of more than $12M involving @_WOO_X among $BTC, $ETH, $BNB, and $ARB networks.
Suspicious address on $ETH received $1M $USDT from WOO’s hot wallet, with additional $ETH.
The full $1M in… pic.twitter.com/XSvuwCOsZ7

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 24, 2025

The firm detailed that roughly $1 million in USDT was immediately swapped for ETH, and another $7.3 million worth of tokens were moved to a fresh address. In a related move, five $BTCB coins were exchanged for BNB and transferred to a fresh wallet address. 

A number of Web3 platforms got hacked recently

Chainalysis figures show that thefts and hacks on both centralized and decentralized platforms led to losses worth  $2.2 billion at least during 2024, a rise of 21.07 percent compared with the previous year, driven in part by climbing cryptocurrency prices.

The past two weeks saw several major platforms hit. On 16th July, BigONE fell victim to a breach that cost it $27 million. A security update from the exchange confirmed it was due to an outside attack on its hot wallet.

𝟱 𝗺𝗶𝗻𝘂𝘁𝗲𝘀. $𝟰𝟰𝗠 𝗴𝗼𝗻𝗲.

On July 18, @CoinDCX operational wallet was breached, losing $44M.

The attacker prepped, ran a test transaction, and drained the funds in six rapid USDT withdrawals.
Our analysis suggests Lazarus Group may be behind the attack.

Traditional…

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 22, 2025

Later on 19th July, Indian exchange CoinDCX reported a $44 million loss after hackers targeted an account used for liquidity operations, according to CEO Gupta.

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TAGGED:Crypto ExchangeHackWOO X

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ByOladapo Timothy
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An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
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