Liechtenstein-based crypto trade LCX has confirmed the compromise of considered one of its hot wallets after briefly suspending all deposits and withdrawals on the platform.
— PeckShield Inc. (@peckshield) January 9, 2022
The possible hot wallet compromise was quickly confirmed by the trade because it introduced the lack of quite a few tokens together with ETH, USD Coin (USDC) and different tokens together with its in-house LCX token.
Ethereum blockchain primarily based belongings akin to ETH, USDC, EURe, LCX and different belongings have been moved to the
Hacker ETH Wallet: 0x165402279F2C081C54B00f0E08812F3fd4560A05
— LCX (@lcx) January 9, 2022
Based on PeckShield’s investigation, LCX misplaced a cumulative of $6.eight million after the hacker efficiently transferred eight varieties of tokens that included Sandbox (SAND), Quant (QNT), Chainlink (LINK), Enjin Coin (ENJ) and Maker (MKR).
At the time of writing, LCX has not shared any plans to assist return the stolen funds. However, the corporate has confirmed to take safety measures to guard different wallets and belongings:
“During this difficult period, we greatly appreciate the support from our customers, other exchanges, security experts, and the broader crypto community.”
LCX has not but responded to Cointelegraph’s request for remark.
A current report from safety platform ImmuneFi discovered that crypto corporations incurred losses of over $10.2 billion in 2021 as a result of hacks, scams and different malicious actions.
As Cointelegraph reported, ImmuneFi recognized 120 cases of crypto exploits and rug-pulls, the highest-valued hack being Poly Network at $613 million, adopted by Venus and BitMart with $200 million and $150 million, respectively.