WOO X was hacked, with losses exceeding $12 million, and the platform has temporarily suspended withdrawals

Odaily News Cyvers Alerts posted on the X platform that it had detected multiple suspicious transactions involving the trading platform WOO X, covering BTC, ETH, BNB and ARB networks, with an estimated loss of more than $12 million.
On the Ethereum network, a suspicious address received $1 million worth of USDT and additional ETH from WOO's hot wallet. The $1 million USDT was then converted into ETH, and then about $7.3 million in funds were transferred to a new address.
The WOO team has confirmed the incident and said: "We are investigating a restriction incident that occurred on the WOO X platform earlier today." User funds and transactions are currently not affected, but the platform has temporarily suspended withdrawals during the investigation.