Woo X just confirmed a hot wallet breach that briefly paused withdrawals on July 24. Around $12M–$14M moved across chains, touching BTC, ETH, BNB, ARB, and TRX. Nine user accounts were hit, but here’s the good news: Woo X says all affected funds will be fully reimbursed. The Woo X Breach In Summary It started with Cyvers Alerts, a blockchain security partner, flagging suspicious movements,including a $1M USDT transfer. Woo X responded fast. Withdrawals were paused while trading stayed active, minimizing broader disruption. The attacker converted the $1M USDT into ETH, then moved $7.3M worth of assets into a fresh address. On BNB Chain, 5 BTCB was received from a Woo wallet, swapped to BNB, then forwarded to another new address. ALERT Our system has detected multiple suspicious transactions with an estimated loss of more than $12M involving @_WOO_X among $BTC , $ETH , $BNB , and $ARB networks. Suspicious address on $ETH received $1M $USDT from WOO’s hot wallet, with additional $ETH . The full $1M in… pic.twitter.com/XSvuwCOsZ7 — Cyvers Alerts (@CyversAlerts) July 24, 2025 Despite fast action, $14M was drained from these user wallets. Woo X says many of the withdrawals were blocked mid-flight, and every affected user has been contacted. Full reimbursement is in progress. Woo X’s official statement confirmed 9 accounts were impacted. We're currently investigating a contained incident that occurred on WOO X earlier today While user funds and trading are unaffected, withdrawals have been temporarily paused while we complete the investigation. Stay tuned to this account for updates: https://t.co/qWc9cDhn2z — WOO X (@_WOO_X) July 24, 2025 What’s the Deal With Hot Wallets? Hot wallets are essential for fast deposits, trades, and withdrawals. But there’s a catch,they’re always online. That convenience? It’s also exposure. Think of it like keeping your wallet on the kitchen table with the window open. Sure, it’s handy. But one slip, and someone’s in. Crypto exchanges often juggle hot wallets across multiple chains,BTC, ETH, BNB, you name it. So if one wallet is compromised, attackers can leap across networks quickly. Woo X Hack by the Numbers BTC: Funds traced via wrapped $BTCB ETH: Received $1M via USDT swap BNB: Converted from BTCB post-breach ARB & TRX: Included in chain activity 3 Quick Tips to Stay Safe Even if you’re not on Woo X, this is your wake-up call. Here’s your crypto hygiene checklist: 1. Rotate API Keys If you’ve connected bots or tools to your exchange account, rotate those keys regularly. Keep access tight,read-only when possible. 2. Enable Multi-Factor Authentication (MFA) This should be a no-brainer. Always use MFA. And don’t just use SMS,opt for app-based authentication or hardware keys. 3. Split Your Funds Never store your life savings in a hot wallet. Keep only what you need for active trading. Cold wallets or self-custody options like Ledger and Trezor exist for a reason. This user caught some of the on-chain activity early. WOO X Security Spotlight: What Happened & How You Stay Safe Hey Crypto Fam! Today, Woo X detected a hot-wallet breach that briefly paused withdrawals—impacting user accounts and moving about $12–13 million across BTC, ETH, BNB, ARB & TRX. Here’s the scoop and 3 smart tips to… pic.twitter.com/vle0ZVzjP0 — Zenox.eth (@ItzZENOX09) July 24, 2025 Key Takeaway: Even major platforms can fall. But that doesn’t mean you have to. With a few proactive steps,like strong authentication, wallet hygiene, and watching on-chain alerts,you can trade smart and stay secure. Stay sharp. Stay safe. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Galaxy Digital has transferred a massive 17,123 BTC, worth $1.98 billion, to multiple centralised exchanges in the past 12 hours. Lookonchain reported Friday that the digital asset firm initially sent over 10,000 Bitcoin to exchanges in the past 8 hours. The transfer comes after Galaxy Digital received more than 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years. Note that #GalaxyDigital has deposited over 10,000 $BTC ($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC ($9.68B). https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg — Lookonchain (@lookonchain) July 25, 2025 In the past hours, Galaxy Digital has withdrawn 370M USDT from exchanges, including OKX, Binance and Bybit, Lookonchain wrote. Suspected to belong to the “14-year BTC fossil hand,” 14,273 $BTC were deposited in batches into various exchanges by Galaxy Digital over the past 12 hours, valued at approximately $1.67 billion, one trader posted on X. About 5,690 BTC was transferred in the last hour alone. 这下靴子不仅落地了，还暴扣在了头上 疑似归属于「持仓 BTC 14 年化石手」的 14273 枚 $BTC 在过去 12 小时内由 Galaxy Digital 分批充值进了各大交易所（约 16.7 亿美元），其中过去 1 小时就转移了 5690 BTC 两组数据显示，这次大概率是真的在抛售了 1⃣ 币安 BTC 现货交易 4 小时内成交了超 1… https://t.co/k86v0qALp7 pic.twitter.com/02e5sHDrfo — Ai 姨 (@ai_9684xtpa) July 25, 2025 However, the latest data from Arkham notes that the Bitcoin sell-off is still underway. Another 2,850 BTC worth $330 million was deposited into major exchanges at the time of writing. This has totalled BTC transfers to 17,123 in the past 12 hours, the trader posted on X . Bitcoin Sell-Off Worries Mount – What Can Investors Expect Galaxy’s latest sell-off spree has weighed on the Bitcoin price. BTC suffered a sharp correction over the past 24 hours, falling by over 2% in the past 24 hours to $115,600 after being rejected at the $119,000 resistance level. The largest cryptocurrency is now trading at $115,444 at press time, with a 4.21% drop since last week, according to CoinMarketCap data . The price drop has rattled markets and raised fresh questions about whether BTC can maintain its upward momentum. Analysts believe this behavior indicates short-term bearish sentiment. If Galaxy Digital or its affiliated wallet continues this pace, more downside could follow. Market watchers noted that a breakdown below $114,000 could trigger more downside pressure. The post Galaxy Digital Moves Massive 17,123 BTC to Multiple CEXs in 12 Hours, Impacts Market appeared first on Cryptonews .
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Experts say reports that the Trump administration is considering opening 401(k) plans to alternative assets—including cryptocurrencies—reflect a maturation of the digital asset industry. Formal Recognition and Maturation The Trump administration’s reported plans to open the $9 trillion U.S. retirement market to alternative assets, including gold and cryptocurrencies, are seen as recognition that the management of
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As Ethereum’s latest breakout sets off a fresh wave of altcoin FOMO across the crypto markets, all eyes are on the next big movers. Under the surface, one project remains quiet preparing to explode, Mutuum Finance (MUTM). At the 5th stage of its presale that offers a price of $0.03, Mutuum Finance has already sold…
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A Ripple co‑founder transfers $175 million in XRP this week. Alerts about a rise in XRP‑related scams spread online. The move comes just as fraud attempts targeting XRP holders spike . On‑chain analyst Zachxbt spots the action. Since July 17, 2025, an address tied to Chris Larsen pushes out 50 million XRP (≈ $175 million) to four destinations. Roughly $140 million lands at exchanges and services. The rest moves into new wallets. Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses. ~$140M ended up at exchanges/services 30M XRP recipient rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98 rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi 10M XRP recipient… — ZachXBT (@zachxbt) July 24, 2025 Here’s the breakdown of the 50 million XRP outflow: 30 million XRP (≈ $105 million) split between two tagged exchange/service addresses: rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98 rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi 10 million XRP (≈ $35 million) sent to a known recipient: rHtLaipqqfbhgMSHkF1YcuWaivvgRH851o ~$35 million routed into two fresh wallets: 5 million XRP → rNLrQvgfLZNLqcqjAAQYBUNBSC5dVkiDXw 5 million XRP → rhmkfhYZY3XJgGTcGxLAKuEoph49bmMqbb Crypto_TownHall also flags the timing. They warn that phishing scams, fake airdrops, and “urgent” XRP giveaways surge when big transfers hit the books. Scammers impersonate Ripple execs and push malicious links in Telegram and Discord. RIPPLE CO-FOUNDER MOVES $175M IN XRP AMID SCAM ALERTS A Ripple co-founder transferred $175 million worth of XRP this week as warnings about a rise in XRP-related scams circulate online. The timing of the large movement has raised questions within the community as fraud attempts… https://t.co/84lV3taiwk pic.twitter.com/CQnnkTh6O0 — Crypto Town Hall (@Crypto_TownHall) July 24, 2025 Ripple XRP Price Movement To Watch XRP trades at $3.26 with a market cap of $192.7 billion, ranking #3 on CoinMarketCap . It dips 1.12% in 24 hours on $15.86 billion volume. Yet daily active addresses and on‑chain volume tick higher as debate over cross‑border payments intensifies. Large wallet moves often trigger FUD. Markets react. XRP slid under $3.30 after the transfer. It later found support near $3.25. Short‑term traders and bots likely drive the volatility. Some view it as routine treasury management by Larsen. Others fear an impending sell‑off. Scam alerts soar when whales stir the pot. Reddit posts about “free XRP” quadruple. Security firms urge hardware wallets and two‑factor authentication. They warn: never click unsolicited links. Always verify wallet addresses. And follow official Ripple channels for updates. Despite the noise, XRP’s fundamentals endure. Over 59 billion coins circulate. The total supply caps at 100 billion. Validators settle transactions in 3–5 seconds on the XRP Ledger. Ripple Labs continues to court banks and payment providers for enterprise use. Regulatory clarity may unlock fresh institutional flows. Looking ahead, watch for an official Ripple comment. The company rarely addresses co‑founder wallets. If Larsen’s transfers tie to corporate needs,liquidity provisioning, payroll, or partnership payouts,Ripple may clarify. In the meantime, holders should stay vigilant. Monitor on‑chain analytics. Double‑check any XRP “alerts.” And keep an eye on price action around big wallet moves. Key points: Chris Larsen’s address moves 50 million XRP (≈ $175 million). Most XRP heads to exchanges; some lands in new, untagged wallets. Scam alerts spike around large transfers. XRP remains a top‑3 crypto by market cap at $192.7 billion. Stay sharp. Confirm any XRP “giveaway” alert against trusted channels. And watch the chain for the next big shift. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
BitcoinWorld Bithumb Delisting: Urgent Alert for WOM and KWENTA Holders The cryptocurrency world is constantly buzzing with activity, from groundbreaking innovations to market shifts that can impact investors significantly. One such development that demands immediate attention for many crypto enthusiasts and investors is the recent announcement from South Korea’s major crypto exchange, Bithumb. If you hold Wom Protocol (WOM) or Kwenta (KWENTA), an urgent Bithumb delisting is on the horizon, requiring swift action. Understanding the Urgent Bithumb Delisting of WOM and KWENTA Bithumb, a prominent player in the South Korean digital asset market, recently made a crucial announcement on its official website. The exchange confirmed that it will cease support for Wom Protocol (WOM) and Kwenta (KWENTA) tokens. This significant Bithumb delisting is scheduled to take place at 06:00 UTC on August 25 . For holders of these specific assets, this news is not just a market update; it’s a critical deadline that necessitates immediate attention and action to prevent potential loss of funds. Delisting from a major exchange like Bithumb can have several ramifications for the affected tokens, primarily concerning their liquidity and accessibility. Investors who currently hold WOM or KWENTA on the Bithumb platform must understand the implications and the limited timeframe available to them. Why Do Crypto Exchanges Implement Delisting Actions? The decision to delist a cryptocurrency is never taken lightly by exchanges. It often stems from a combination of factors aimed at maintaining a healthy, compliant, and secure trading environment for their users. While Bithumb’s specific reasons for the WOM and KWENTA delisting weren’t detailed, common rationales behind such actions include: Low Trading Volume and Liquidity: Projects with consistently low trading activity can become a burden, making it difficult for users to buy or sell. Regulatory Compliance Concerns: Tokens falling out of compliance with new regulations or deemed securities may face delisting. Project Inactivity or Lack of Development: Stagnant projects or those failing to meet roadmap milestones can be delisted to protect users. Security Vulnerabilities: Any discovered vulnerabilities in a token’s smart contract that could put user funds at risk. Failure to Meet Listing Criteria: Ongoing requirements like regular reporting or technological updates. Understanding these general reasons helps contextualize the current Bithumb delisting and highlights the dynamic nature of the crypto market. What Does This Bithumb Delisting Mean for WOM and KWENTA Holders? For individuals holding Wom Protocol (WOM) and Kwenta (KWENTA) on Bithumb, the impending delisting means that after August 25, 06:00 UTC, they will no longer be able to trade, deposit, or potentially withdraw these tokens directly from the Bithumb platform. This has several direct implications: Loss of Trading Access: Inability to buy or sell WOM and KWENTA on Bithumb, reducing liquidity. Potential Price Volatility: Delisting announcements often trigger selling pressure, leading to sharp price declines. Need for Timely Withdrawal/Transfer: Users must move their tokens off Bithumb before the deadline to avoid inaccessibility. Search for Alternative Platforms: Holders will need to identify other exchanges or decentralized platforms where WOM and KWENTA are still traded. The urgency of the Bithumb delisting cannot be overstated. Procrastination could lead to significant inconvenience or even financial loss. Urgent Actions to Take Before the Bithumb Delisting Deadline If you are impacted by the Bithumb delisting of WOM and KWENTA, immediate action is required. Here’s a step-by-step guide on what you should do: Verify Your Holdings: Log into your Bithumb account and confirm the exact amount of WOM and KWENTA you hold. Understand the Deadline: Reconfirm the delisting time: August 25, 06:00 UTC . Mark this date prominently. Choose Your Strategy: Sell Your Tokens: If you wish to exit, sell your WOM and KWENTA on Bithumb before the deadline. Convert them to a stablecoin or fiat. Withdraw to a Personal Wallet: If holding long-term, withdraw to a secure personal wallet (e.g., MetaMask, Ledger). Ensure correct network and address. Transfer to Another Exchange: Research other reputable exchanges listing WOM and KWENTA. Create an account and transfer your tokens there, double-checking addresses. Execute Transactions Well in Advance: Do not wait until the last minute. Initiate transactions several days before August 25 to avoid system issues. Confirm Transactions: Always verify successful processing and arrival of funds at their destination. Taking these proactive steps will help you navigate the Bithumb delisting smoothly and protect your digital assets. Navigating the Post-Delisting Landscape: What Happens Next for WOM and KWENTA? Once the Bithumb delisting takes effect, the immediate accessibility of WOM and KWENTA will be significantly reduced for Bithumb users. However, the tokens themselves do not cease to exist. Their future viability will depend on: Other Exchange Listings: Presence on other reputable exchanges is crucial for continued liquidity. Project Development: The Wom Protocol and Kwenta teams’ continued development and efforts to secure new listings. Community Support: A strong and active community can help sustain the ecosystem. While a Bithumb delisting is a setback, it doesn’t necessarily mean the end for a project. It signals a period of uncertainty and often, increased volatility. Diligence and research become even more paramount. The Broader Implications of Crypto Delistings for the Market The Bithumb delisting of WOM and KWENTA is a stark reminder of the inherent risks and dynamic nature of the cryptocurrency market. Such events highlight several broader implications: Due Diligence is Key: Investors are reminded of the importance of thorough research (DYOR) into any crypto project. Diversification: Spreading holdings across different assets and platforms mitigates risks from adverse events like delistings. Regulatory Scrutiny: Delistings often reflect increasing regulatory pressure on crypto exchanges. Market Maturity: Exchanges are becoming more selective, prioritizing quality and compliance. These delistings, while disruptive, contribute to the overall maturation and cleansing of the crypto ecosystem, pushing for higher standards. The Bithumb delisting of Wom Protocol (WOM) and Kwenta (KWENTA) on August 25, 06:00 UTC, serves as a critical warning for affected holders. This event underscores the volatile yet evolving landscape of digital assets, emphasizing the necessity of proactive management of one’s crypto portfolio. Whether you choose to sell, withdraw, or transfer, acting swiftly and decisively before the deadline is paramount to safeguard your investments. Stay informed, remain vigilant, and always prioritize the security of your digital assets in this ever-changing market. Frequently Asked Questions (FAQs) About Bithumb Delisting Q1: What exactly does it mean for a cryptocurrency to be “delisted” by Bithumb? A1: When Bithumb delists a cryptocurrency, it means the exchange will no longer support trading, deposits, or often withdrawals of that specific token (WOM and KWENTA in this case) after the specified date, effectively removing it from their platform. Q2: Why did Bithumb decide to delist WOM and KWENTA? A2: While Bithumb’s official announcement did not provide specific reasons for the WOM and KWENTA delisting, common factors for such decisions include low trading volume, regulatory compliance issues, project inactivity, or failure to meet the exchange’s ongoing listing criteria. Q3: What actions should I take before the August 25 Bithumb delisting deadline? A3: If you hold WOM or KWENTA on Bithumb, you should either sell your tokens on the exchange, withdraw them to a personal cryptocurrency wallet, or transfer them to another exchange that still supports these assets. Do this well before the August 25, 06:00 UTC deadline. Q4: Will WOM and KWENTA cease to exist after the Bithumb delisting? A4: No, the tokens themselves will not cease to exist. A delisting only means they are no longer supported on Bithumb. They may still be traded on other exchanges or decentralized platforms, and their respective projects (Wom Protocol and Kwenta) may continue development. If you found this article helpful in understanding the implications of the Bithumb delisting and how to protect your assets, please consider sharing it with your network! Spreading awareness helps the crypto community stay informed and secure. Share on Twitter, Facebook, LinkedIn, or your preferred platform! To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets price action. This post Bithumb Delisting: Urgent Alert for WOM and KWENTA Holders first appeared on BitcoinWorld and is written by Editorial Team
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