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AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise -Breaking

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AscendEX, a crypto trading platform suffered a $77.7million loss due to a hot wallet compromise which allowed hackers access and transfer tokens stored over the internet.ETHPolygon (POLY) blockchains.

AscendEX began to take proactive measures soon after the realization. Beware its users about the stolen funds, confirming that the hackers were not able to access the company’s cold wallet reserves.

Bitmart: Transfer of stolen tokens Source: PeckShield