News > LCX loses $6.8 million in a hot wallet compromise

LCX loses $6.8 million in a hot wallet compromise

Tech Story | 10/01/2022 11:16 AM | Click to read full article

Crypto exchange LCX loses $6.8 million as one of their hot wallet on the Ethereum blockchain was compromised. The compromise was identified by PeckShield INC, a security company that has time and again been the first to inform us about other hacks as well.

After the same happened, the crypto exchange suspended all of its deposits and withdrawals to prevent any more losses.