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Crypto Exchange AscendEX (Bitmax) Fell To Hackers, $80 Million Lost.

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AscendEX, a global cryptocurrency exchange platform that recently celebrated its third anniversary, confirmed that many tokens were transferred out of its hot wallet earlier today, the firm is yet to announce the total amount stolen, estimate shows that the funds are worth roughly $80 million

The company admitted to detecting an undisclosed number of tokens based on Ethereum, Binance Smart Chain, and Polygon being transferred out of its hot wallet earlier on December 12th.

It promised that it had begun an investigation and that the cold wallets were not affected. Moreover, AscendEX said all users that had their funds drained will be “covered completely” by the exchange.

The trading platform didn’t provide specifics on which tokens were maliciously withdrawn or what’s their USD value.

However, the blockchain security and data analytics resource PeckShield outlined the estimations later on.

The firm noted that the total loss is roughly $78 million, with $60 million on Ethereum, $9.2 million on BSC, and $8.5 million on Polygon. PeckShield also provided a list of the transferred-out tokens.

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