Poor Key Management
Private key leak, hot wallet
According to the official announcement, at 6 o’clock on December 12th, Beijing time, the internal security audit report of AscendEX found that some ERC-20, BSC and Polygon tokens were abnormally transferred out of the exchange’s hot wallet, and the AscendEX cold wallet was not affected by this incident. . It is estimated that Pinnacle AscendEX’s losses totaled US$77.7 million (of which US$60 million was on Ethereum, US$9.2 million was on BSC, and US$8.5 million was on Polygon).
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