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AscendEX reportedly loses ~$78M after its hot wallet is compromised
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ambcrypto.comThe number of hacks has consistently corresponded with the growing popularity of cryptocurrencies. A total of 169 blockchain hacking incidents have taken place in 2021, with nearly $7 billion in funds lost. Crypto-exchanges, wallets, and marketplaces around the world have been victims of such illicit activities.
Popular crypto-trading platform AscendEX (formerly Bitmax) is in the news today for all the wrong reasons. It made news after it suffered a loss of $77.7 million following its hot wallet
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