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Hackers withdrew more than $77 million from the hot wallets of the AscendEX bitcoin exchange

Singapore-based cryptocurrency exchange AscendEX has reported the hacking of Ethereum, Polygon and Binance Smart Chain (BSC) hot wallets.

“We have discovered that ERC-20, BSC and Polygon tokens have been withdrawn from our hot wallet. Cold wallets are not affected. The investigation is ongoing,” the company said in a statement.

AscendEX also promised to compensate all the funds lost by users, but at the time of writing did not specify the amount of damage.

PeckShield noted that hackers withdrew $77.7 million from the bitcoin exchange. According to analysts, the attackers stole $8.5 million in Polygon network tokens, $9.2 million — BSC, $60 million – Ethereum.

Bitcoin exchange Huobi promised support to colleagues in eliminating the consequences of the attack:

“Huobi will do everything possible to help AscendEX in solving this problem. As part of our security protocol, we have added related assets to the blacklist and will promptly report the receipt of such assets.”

AscendEX was created in 2018 under the name BitMax. In March 2021, the company rebranded, and in November it raised $50 million from Polychain Capital, Hack VC and other investors.

Recall that in December, hackers withdrew more than $150 million from the Ethereum and BSC hot wallets of the BitMart cryptocurrency exchange registered in the Cayman Islands.