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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 12, 2021

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

77,700,000

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Recovered Amount:

-

Currency:

Dollars

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum, Polygon

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet

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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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.