Liechtenstein-based crypto mart LCX has confirmed the compromise of one of its hot wallets without temporarily suspending all deposits and withdrawals on the platform.
— PeckShield Inc. (@peckshield) January 9, 2022
The probable hot wallet compromise was soon confirmed by the mart as it spoken the loss of numerous tokens including ETH, USD Coin (USDC) and other tokens including its in-house LCX token.
Ethereum blockchain based resources such as ETH, USDC, EURe, LCX and other resources have been moved to the
Hacker ETH Wallet: 0x165402279F2C081C54B00f0E08812F3fd4560A05
— LCX (@lcx) January 9, 2022
Based on PeckShield’s investigation, LCX lost a cumulative of $6.8 million without the hacker successfully transferred eight types of tokens that included Sandbox (SAND), Quant (QNT), Chainlink (LINK), Enjin Coin (ENJ) and Maker (MKR).
At the time of writing, LCX has not shared any plans to help return the stolen funds. However, the visitor has confirmed to take security measures to protect other wallets and assets:
“During this difficult period, we profoundly fathom the support from our customers, other exchanges, security experts, and the broader crypto community.”
LCX has not yet responded to Cointelegraph’s request for comment.
A recent report from security platform ImmuneFi found that crypto companies incurred losses of over $10.2 billion in 2021 due to hacks, scams and other malicious activities.
As Cointelegraph reported, ImmuneFi identified 120 instances of crypto exploits and rug-pulls, the highest-valued hack stuff Poly Network at $613 million, followed by Venus and BitMart with $200 million and $150 million, respectively.