Liechtenstein-based crypto exchange LCX has confirmed the settlement of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform.

The hack was first discovered by blockchain security firm PeckShield, based on a suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum wallet.

The potential settlement of the hot wallet was soon confirmed by the stock exchange when it announced the loss of several tokens including Ether (ETH), USD Coin (USDC) and other tokens including the LCX token.

According to a PeckShield survey, LCX lost a total of $ 6.8 million after a hacker transferred eight types of tokens, including Sandbox (SAND), Quant (QNT), Chainlink (LINK), Enjin Coin (ENJ) and Maker (MKR). . ).

Details of stolen funds on LCX. Source: PeckShield.
At the time of writing, LCX has not announced any plans to recover the stolen funds. However, the company has confirmed that it is taking security measures to protect wallets and other belongings:

“During this challenging period, we greatly appreciate the support of our customers, other exchanges, security experts and the wider crypto community.”
LCX has not yet responded to Cointelegraph’s request for comment.

Related: ImmuneFi announces $ 10 billion DeFi Hack and Loss in 2021

A recent report from the security platform ImmuneFi showed that crypto companies incurred more than 10.2 billion dollars in losses in 2021 due to hacking, fraud and other malicious activities.

As reported by Cointelegraph, ImmuneFi identified 120 cases of crypto-exploitation and fraud, with the most expensive Poly network hacking at $ 613 million, followed by Venus and BitMart at $ 200 million and $ 150 million, respectively.

Source: CoinTelegraph

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