Last updated on March 26th, 2026 at 01:07 am
Recently, AscendEX, a crypto trading platform lost $ 77.7 million to hackers gaining access to its hot wallet like Polygon, BSC, and Ethereum getting compromised during the hack.
AscendEX, after the hack, told its users that the hackers only successfully attacked the hot wallet, but could not access the cold wallet reserves held by the reading platform.
The tokens that were transferred during the heist are SHIB, USDT, USDC, and so on. Users that were affected by the hack will be compensated according to AscendEX. They made this known through a tweet,
22:00 UTC 12/11, We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is NOT affected. Investigation underway. If any user’s funds are affected by the incident, they will be covered completely by AscendEX.
— AscendEX (@AscendEX_Global) December 12, 2021
The notable blockchain security firm, PeckShield, has given a breakdown of the tokens that were stolen. During the hack, the attackers moved over $ 60 million in tokens from the Ethereum blockchain, while $ 9.2 million was stolen from BSC and $ 8.5 million from Polygon.
According to the tweet from Peckshield,
Estimated loss @AscendEX_Global: $77.7M in total ($60M on @ethereum $9.2M @BinanceChain $8.5M @0xPolygon). Here is the list of the transferred-out assets and their amounts on @ethereum pic.twitter.com/VC4DKOwu4f
— PeckShield Inc. (@peckshield) December 12, 2021
AscendEX is not the only trading platform that has been hacked in December. Bitmart suffered a hack on December 5, and over $ 200 million was stolen through a similar hot wallet compromise.
