Blockchain

LCX lost $6.8 million in the hot wallet compromise of the Ethereum blockchain

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LCX, a Liechtenstein-based cryptocurrency exchange, has confirmed that one of its hot wallets was hacked after temporarily suspending all deposits and withdrawals on the platform.

The hacker was first suspiciously based on the blockchain security company PeckShield Transfer ERC-20 tokens from LXC to unknown Ethereum (Ethereum) wallet.

The exchange quickly confirmed a possible hot wallet compromise because it announced the loss of many tokens including ETH and USD Coin (USDC) And other tokens, including its internal LCX tokens.

According to PeckShield’s investigation, the hackers successfully transferred Sandbox (SAND), Quant (QNT), Chainlink (Associate), Enjin Coin (ENJ) and Maker (MKR).

Details of stolen funds on LCX. Source: PeckShield.

At the time of writing, LCX has not yet shared any plans to help return the stolen funds. However, the company has confirmed that security measures are taken to protect other wallets and assets:

“During this difficult time, we are very grateful for the support of our customers, other exchanges, security experts and the broader crypto community.”

LCX has not yet responded to Cointelegraph’s request for comment.

related: ImmuneFi reports DeFi hackers and losses of $10B in 2021

A recent report by the security platform ImmuneFi found that crypto companies suffered more than $10.2 billion in losses in 2021 due to hacker attacks, scams, and other malicious activities.

As reported by Cointelegraph, ImmuneFi identified 120 examples of cryptographic attacks and carpet attacks, of which the most valuable hacking attacks were Poly Networks $613 million, Followed by Venus and Bit market They are 200 million U.S. dollars and 150 million U.S. dollars respectively.