AscendEX’s internal security audit Report at around 22:00 UTC on Dec 11, 2021, identified that a number of ERC-20, BSC, and Polygon tokens were transferred out of the exchange’s hot wallets. These assets constituted a relatively small percentage of total exchange holdings. AscendEX cold wallets are unaffected by this incident.
Their security teams are conducting a thorough review of the incident and will keep users updated once all facts have been confirmed. Their commitment to users remains the number one priority and if any user’s funds are affected by the incident, they will be covered completely by AscendEX.
To ensure the security of users’ assets, they will conduct a thorough security review. They have temporarily disabled deposits and withdrawals as a precautionary measure. They will restore the service gradually after ensuring a safe state. With transparency being one of their platform’s core values, they will continue providing periodic updates to their community via their help center and social media channels.
The estimated loss of AscendEX_Global is $77.7M in total ($60M on ethereum, $9.2M on BinanceChain, and $8.5M on 0xPolygon). Here is the list of the transferred-out assets and their amounts on ethereum.
As of writing this the hacker holds almost all the funds in this address and is slowly transferring them out so it gets hard to track. As we can see in the image below, the hacker is trying to distribute the entire funds into smaller amounts and different addresses.
