Crypto exchange WOO X has temporarily suspended withdrawals after suffering a $14 million security breach that compromised nine user accounts.
The incident, initially reported as a $12 million loss, was later confirmed by WOO X to involve more extensive damage.
The attack was first flagged by blockchain security firm Cyvers, which detected unusual activity across multiple networks including BTC, ETH, BNB, and ARB. WOO X responded swiftly, acknowledging the breach and clarifying that only user accounts — rather than internal wallets — were affected.
While the exact method of the exploit remains unclear, the firm emphasized it is working closely with cybersecurity teams such as Seal911 and Hypernative to track the stolen funds.
The exchange added, “There’s no timeline yet for withdrawals to resume. We’re prioritizing full security reassessment to prevent any future breaches.”
The incident adds to a growing list of major exchange hacks in 2025. In recent weeks alone, CoinDCX lost $44 million, BigONE suffered a $27 million hit, and GMX was drained of $42 million — marking a troubling pattern of vulnerability across the industry.
Despite the setback, WOO X has been notably transparent in its response, keeping users informed and cooperating with the broader security community to recover the lost funds.
