WOO X Exchange Hacked – $14M in User Funds Stolen, Withdrawals Suspended

In Brief:

WOO X lost $14 million in a hack targeting user accounts, not company wallets.

Withdrawals remain paused as the team investigates and partners with Seal911 for recovery.

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Crypto exchange WOO X has confirmed a $14 million security breach, resulting in the suspension of withdrawals and a full-scale investigation into the attack. According to blockchain security firm Cyvers, the exploit was isolated to nine user accounts and did not compromise WOO X’s company-controlled wallets.

The hack initially appeared to involve $12 million, but the amount was later revised to $14 million following further review. Affected assets span across BTC, ETH, BNB, and ARB networks.

In an official statement shared with BeInCrypto, WOO X stressed that restoring security remains its top priority. The company is currently working with top incident response teams, including Seal911 and Hypernative, to trace the stolen assets and reinforce both on-chain and off-chain infrastructure.

The exchange has not provided a timeline for when withdrawals will resume, stating that “ensuring absolute security” comes first.

This incident adds to an ongoing wave of exchange-targeted crypto thefts in 2025, including:

• CoinDCX: $44M theft
• BigONE: $27M lost in a supply-chain attack
• GMX: $42M exploit earlier this year

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