Crypto exchange WOO X suspended withdrawals after a security breach resulted in the theft of $14 million from user accounts, as confirmed by blockchain security firm Cyvers. The hack, detected on July 24, 2025, involved unauthorized withdrawals from nine user-owned accounts across BTC, ETH, BNB, and ARB networks. Initial estimates placed losses at $12 million, but WOO X later revised this to $14 million.
The exchange stated the incident was quickly contained, with many withdrawals blocked, and emphasized that no company wallets were compromised. Affected users have been contacted, and WOO X pledged to cover all losses. In an exclusive statement to BeInCrypto, the exchange revealed it is working with security teams like Seal911 and Hypernative to track stolen assets but provided no timeline for resuming withdrawals, citing security reviews as the top priority.
This breach adds to a surge in 2025 crypto hacks, which have surpassed $3.1 billion in losses. Recent incidents include breaches at CoinDCX ($44 million), BigONE ($27 million), and Arcadia Finance ($3.5 million), highlighting persistent vulnerabilities in the sector.