• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home AUSTRALIA

Crypto Exchange LCX Hot Wallet Hacked For $7.94 Million

CB4U by CB4U
January 11, 2022
in AUSTRALIA
0
Crypto Exchange LCX Hot Wallet Hacked For $7.94 Million
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Liechtenstein-based crypto exchange LCX has had one of its hot wallets compromised, the hacker getting away with almost US$8 million in various cryptocurrencies.

ℹ️ Incident Update: We are sorry to announce that one of our hot wallets had been compromised. We have taken security measures to protect other wallets and assets.
1/3

— LCX (@lcx) January 9, 2022

First Big Hack of the Year

On January 9, the LCX team and crypto-security firm PeckShield detected a breach of one of the LCX hot wallets. On further inspection, it was established that the theft had taken place on January 8 between 11:23pm and 11:37pm CET.

Only LCX Hot Wallet Compromised

According to the LCX update, the hacker got away with an estimated US$7.94 million in Ethereum (ETH), USDC, Sand Token (SAND), LCX Token (LCX), and various others. The exchange did, however, manage to freeze US$700,000 and commented that none of its users or other LCX wallets were impacted.

Coins stolen by the LCX hacker. Source: Etherscan

The assets were moved to the hacker’s ETH wallet address (0x165402279F2C081C54B00f0E08812F3fd4560A05), which has since been flagged. In the meantime, the platform has paused all deposits and withdrawals, and the incident has been reported to several Liechtenstein authorities. It hasn’t yet been revealed how the hacker got access to the hot wallet.

Hopes for a More Secure DeFi in 2022

This latest hack follows on the heels of the US$200 million BitMart hack that took place in early December and the $450 million Bilaxy hack just before that.

Last year was a rough one for the DeFi ecosystem, having sustained an estimated US$10.2 billion in losses from hacks, bugs, fraud, exploitations and other malevolent activities, according to a report by IMMUNEFI. This represented a 137 percent increase on the losses suffered in 2020.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.

Advertisement Banner
Previous Post

World’s Leading Platform For Financial NFTs, Pledge Finance, Adds Bitfury CEO To Advisory Board » CoinFunda

Next Post

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

CB4U

CB4U

Next Post
Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

Discussion about this post

RECOMMENDED

Hedera (HBAR) – A Faster, More Secure Blockchain Consensus

Hedera (HBAR) – A Faster, More Secure Blockchain Consensus

7 months ago
Why Bitcoin Needs To Clear $43,800 For Hopes of a Fresh Rally

Bitcoin Price Is Rising, Here’s What Could Trigger A Sharp Increase

3 months ago

DON'T MISS

Only 15% of UK Crypto Firms Have Been Issued Licenses

Only 15% of UK Crypto Firms Have Been Issued Licenses

January 27, 2023
eCash Bulls In Position, Signalling Fresh XEC Price Increase – Is It Time To Buy?

eCash Bulls In Position, Signalling Fresh XEC Price Increase – Is It Time To Buy?

January 27, 2023
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner – Interview Bitcoin News

FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner – Interview Bitcoin News

January 27, 2023
FTX Investor Wakes Up After Five Months Coma, Twitter Reacts

Why Is FTX Dodging New Bankruptcy Probe?

January 27, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Only 15% of UK Crypto Firms Have Been Issued Licenses

Only 15% of UK Crypto Firms Have Been Issued Licenses

January 27, 2023
eCash Bulls In Position, Signalling Fresh XEC Price Increase – Is It Time To Buy?

eCash Bulls In Position, Signalling Fresh XEC Price Increase – Is It Time To Buy?

January 27, 2023
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner – Interview Bitcoin News

FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner – Interview Bitcoin News

January 27, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian