Cryptocurrency exchange WOO X fell victim to a sophisticated phishing attack on a team member's device on July 24, 2025, resulting in unauthorized withdrawals totaling $14 million from nine user accounts. While the platform's trading and overall user funds remained secure, all withdrawals were temporarily halted during an ongoing security investigation. WOO X has promised full reimbursement to affected users and emphasized the increasing threat of phishing scams in the crypto industry, which has seen over $3.1 billion lost to exploits and scams in the first half of 2025 alone. This incident highlights the critical need for enhanced cybersecurity measures amid rising attacks and physical threats to crypto holders worldwide.
Continue to read WOO X Suffers $14M Loss in Phishing Attack Targeting Staff Device
Cryptocurrency exchange WOO X fell victim to a sophisticated phishing attack on a team member's device on July 24, 2025, resulting in unauthorized withdrawals totaling $14 million from nine user accounts. While the platform's trading and overall user funds remained secure, all withdrawals were temporarily halted during an ongoing security investigation. WOO X has promised full reimbursement to affected users and emphasized the increasing threat of phishing scams in the crypto industry, which has seen over $3.1 billion lost to exploits and scams in the first half of 2025 alone. This incident highlights the critical need for enhanced cybersecurity measures amid rising attacks and physical threats to crypto holders worldwide.
Continue to read WOO X Suffers $14M Loss in Phishing Attack Targeting Staff Device
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