Taiwan-based market maker Kronos Research announced that API keys were used without permission.
Kronos Research announced that API keys were compromised and they stopped trading to investigate the issue.
According to analysis by blockchain researcher ZachXBT, Kronos Research Cryptocurrency around $25 million lost. Kronos Research said: “The loss is not a significant portion of our capital.” said.
Kronos’s suspension of trading operations caused some problems on the cryptocurrency exchange WOO X. Kronos, which partnered with Woo Network at the beginning of this year, is among the most important market makers on the stock exchange.
“We have temporarily suspended trading because Kronos Research provides the largest liquidity in our spot markets, 40% of the liquidity in perpetual futures contracts,” WOO X said in a statement. It was said.
According to CoinGecko data, the price of WOO Network (WOO) dropped by more than 10% after the attack. With the subsequent recovery, the price rose to $0.239.