Cryptocurrency Exchange AscendEX Loses Nearly $80 Million From Hack Attack

Cryptocurrency exchange AscendEX, formerly known as BitMax, has announced that it has been hacked. While $60 million worth of tokens were stolen over the Ethereum network alone, 17.7 million worth of tokens were stolen via Binance Smart Chain and Polygon.

After this loss from hot wallets AscendEX, hackers can access the company’s cold wallets in any way. does not have access made a statement. It has been announced that while the deposit and withdrawal processes are suspended for the time being, efforts are underway to reactivate the transactions.

Blockchain security and data analysis company PeckShieldTokens stolen by EtherScan evidenced by data Ethereum over 60 million dollars, Binance Smart Chain over 9.2 million dollars and polygon over $8.2 million.

AscendEX cryptocurrency exchange provides users with information about the grievances caused by the attack. will cover the damages explained.

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