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by blockchain security firm PeckShield, which reported a “suspicious significant fund outflow” from the exchange totaling over $13.5 million in a September 20 post on X. This figure was laterthe breach in a separate post, stating that at approximately 4 AM Singapore time, their technical team identified abnormal network access, suspecting an attack on their hot wallet.
In response, the Singapore-based exchange initiated an emergency plan, which included the urgent transfer of assets and the suspension of withdrawals. “To protect user assets, we utilize a layered management system, with the majority stored in cold wallets and only a minimal amount kept in hot wallets for withdrawals,” Lin explained. She reassured users that while withdrawals have been temporarily halted for an emergency inspection, they aim to restore services within 24 hours.
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