WOO exchange starts compensating customers after hacking partner Kronos Research
The funds will reach the victims’ accounts within a week
22.11.2023 - 11:01
182
2 min
0
What’s new? Crypto exchange WOO has started paying out compensation to users who faced position liquidations due to the suspension of trading activities of Kronos Research, a firm that provided liquidity to the platform. The funds will be paid out in several batches within a week.
What else is known? WOO assured that it will credit the affected users’ accounts itself, regardless of whether they contacted tech support after the incident.
The exchange will use USDT stablecoins from its own proceeds to make the payments. The team stressed that the exchange itself was not hacked and did not lose any funds, but its market partner Kronos Research faced the attack.
Thus, the company lost $26 million in ETH coins as a result of the API key leak and had to stop liquidity supply for exchanges and individual tokens. It claims that it remains solvent and will soon restore trading activity.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 247
BTC
-0.33%
-
Ethereum
$3 085.11
ETH
-1.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.08
XRP
-2.21%
-
Dogecoin
$0.363689
DOGE
-0.46%
-
Cardano
$0.724853
ADA
-3.01%
-
Bitcoin Cash
$435.67
BCH
-4.17%
-
Polkadot
$5.54
DOT
+1.71%
-
Litecoin
$88.32
LTC
-0.56%
-
Stellar XLM
$0.195407
XLM
+11.08%