Ascendex has lost $77 million worth of RC20, BSC, and Polygon tokens to cyberattack. A popular cryptocurrency exchange, Ascendex has become the latest victim of a security breach, letting hackers gain control of some of the exchange’s hot wallets. For your information, hot wallets are internet-connected cryptocurrency wallets that owners can access through a private key to receive or send tokens.
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A Global Cryptocurrency Exchange Backed by a Team of Financial Professionals. Launched in 2018, AscendEX is a leading global digital asset financial platform founded by a group of Wall Street.
AscendEX is – like so many other exchanges – from Singapore. The platform launched on 22 March 2021, after a name change from BitMax. AscendEX today supports trading in a quite decent number of cryptocurrencies. You can find all of the biggest ones here, and the platform has 190+ trading pairs and 40 different margin trading pairs. AscendEX Team
AscendEX (formerly BitMax) is a global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, building on core value of “Efficiency, Resilience and Transparency.”. Driven by its continuous product development and early-mover advantage in strategic alignment with the DeFi ecosystem, AscendEX offers trading services across over 200 trading pairs across cash, margin, and futures products, in particular margin trading of over 50 tokens in .
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user.
Ascendex cryptocurrency exchange hacked - $77 million stolen
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AscendEX Exchange Loses $77.7M in Latest Crypto Hack
The AscendEX crypto exchange was hacked for $77.7 million due to a compromised hot wallet. AscendEX Will Compensate Affected Users. Singapore-based AscendEX was hacked. On Saturday, centralized crypto exchange AscendEX reported that a significant sum of crypto tokens was illegitimately transferred from its platform.
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AscendEX is a global cryptocurrency platform, with a comprehensive product suite, including spot, margin, and futures trading for 200+ blockchain projects. English Login