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Hacked AscendEX to Reimburse Users, Says 'Relatively Small Percentage' Impacted
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Crypto trading platform AscendEX, formerly known as BitMax, which was hacked for an estimated USD 78m worth of digital assets on Saturday, intends to "100%" reimburse all the affected users.
Updating users on the incident, the AscendEX team said that hackers compromised one of the exchange's hot wallets, which allowed them to access and transfer digital assets hosted over the Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC) blockchains.
AscendEX insisted that cold wallets are unaffected and that the impacted assets constitute "a relatively small percentage of total exchange assets."
Detailing its approach to the matter, the exchange said it will first "compensate all users affected 100%."
"Second, collaborate with blockchain
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