WOO X Crypto Exchange Reopens Trading with Enhanced Security After Market Maker Breach
Crypto trading platform WOO X has resumed operations after one of its market markers saw a significant amount of crypto assets withdrawn....
- Crypto trading platform WOO X has resumed operations after a security breach.
- Market maker Kronos Research experienced unauthorized access to API keys.
- Approximately $25 million worth of crypto assets were siphoned into six unique wallet addresses.
- Kronos Research paused trading but stated that the loss is not significant.
- WOO X recouped shares and tokens acquired by failed hedge fund Three Arrows Capital.
- The settlement involved repurchasing and burning 20 million tokens.
- WOO X closed a $30 million Series A funding round with various investors.
The sentiment of the article is mostly negative due to the security breach and loss of funds. However, there is a positive aspect with WOO X recouping shares and tokens.