WOO X Halts Withdrawals After $14M Security Breach

Cryptocurrency exchange WOO X experienced a significant security breach, losing $14 million in funds following a phishing attack on July 24, 2025. This incident underscores the vulnerability of crypto platforms to social engineering tactics, with investors witnessing a total of $3.1 billion lost in Web3 this year. The platform has suspended withdrawals while conducting a full forensic review, promising compensation for impacted users. While trading remains uninterrupted, the breach has triggered market jitters as it marks another instance of security vulnerabilities impacting the industry.