Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Cryptocurrency Trading Firm Kronos Research Confirms $26 Million Hack
ALTCOIN NEWS

Cryptocurrency Trading Firm Kronos Research Confirms $26 Million Hack

By Crypto FlexsNovember 25, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency Trading Firm Kronos Research Confirms  Million Hack
Share
Facebook Twitter LinkedIn Pinterest Email

Taipei-based cryptocurrency trading firm Kronos Research has admitted that a security breach resulted in a $26 million hack. Protects against unauthorized access to API keys.

The incident temporarily halted trading activity on Woo Network, a major cryptocurrency trading platform.

Kronos Research Acknowledges Hacking

On November 19, Kronos Research disclosed the hack. After confirming the security lapse, the company suspended all trading operations to address the breach, emphasizing that an investigation is ongoing.

Kronos Research ensured a stable position for its stakeholders despite significant losses. They also promised to compensate all losses without affecting their partners.

“The current loss amounts to approximately $26 million in cryptocurrency assets, and although it is a significant amount, we can confirm that Kronos remains in good shape. All losses are compensated internally and do not affect partners.”Kronos said.

Kronos Stolen Assets Movement. source: ZachXBT

Kronos did not investigate specifics related to the hack, but cryptocurrency investigator ZachXBT revealed that 12,800 ETH, worth $25 million, was transferred to five new addresses linked to the incident.

Read more: Who is ZachXBT, the Crypto Sleuth Exposing the Scam?

Khronos has expressed its intention to restore services to the cryptocurrency exchanges and token projects it supports. He added that this trading suspension was the first since 2018 and that the company was aiming for a quick recovery.

Woo Network was taken down due to Kronos Hack.

The fallout affected Woo Network, a trading platform that relies heavily on its main liquidity provider, Kronos Research.

in name, Woo The platform has resumed spot and perpetual trading activities and asset withdrawals as of press time.

Woo Network also suffered a DDoS (distributed denial of service) attack on its website. The network is implementing measures to optimize CloudFlare to mitigate potential future outages. Users experiencing the issue were advised to submit a ticket on the platform’s website for resolution.

Woo pointed out Due to enhanced security checks, withdrawal processing was taking place more slowly than usual.

WOO price-performance ratio
WOO price performance. Source: BeInCrypto

According to data from BeInCrypto, the value of the exchange’s native WOO token has fallen about 6% to $0.235 in the past day. Meanwhile, the investigation into the hack continues as Kronos Research and Woo Network work diligently to restore full operational stability while ensuring user safety and asset protection.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Ethereum’s Pectra upgrade to improve wallet functionality and user experience

April 12, 2024

New research center opens in Serbian capital to drive Bitcoin innovation

November 25, 2023

RWA Platform Swarm Markets Offers Tokenized Gold via NFTs Following MiCA Stablecoin Rule Launch

June 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.