LCX Exchange Hacked for $8 Million

Summary #

On January 8, 2023, cryptocurrency exchange LCX was hacked, resulting in the theft of cryptocurrencies $8 million. Hackers gained access to the exchange’s hot wallets and stole various cryptocurrencies, including ETH, USDC, SAND, LINK, QNT, ENJ, and MKR.

Attackers #

The identity of the hackers who attacked LCX is unknown.

Hacker ETH Wallets:

• 0x165402279F2C081C54B00f0E08812F3fd4560A05
• 0x29875bd49350aC3f2Ca5ceEB1c1701708c795FF3

Losses #

LCX estimated the losses from the hack to be $8 million. The stolen assets included:

• 162.68 ETH (502,671 USD)
• 3,437,783.23 USDC
• 761,236.94 EURe
• 101,249.71 SAND (485,995 USD)
• 1,847.65 LINK (48,557 USD)
• 17,251,192.30 LCX (2,466,558 USD)
• 669.00 QNT (115,609 USD)
• 4,819.74 ENJ (10,890 USD)
• 4.76 MKR (9,885 USD)

Timeline #

• January 8, 2022, 10:29:11 PM +UTC: Hacker starts attack
• January 9, 2022: LCX reported the hack of its hot wallets.
• June 7, 2022: LCX reported that 60% of stolen funds were frozen

Security Failure Causes #

• Wallet System Vulnerability: Flaws in the LCX hot wallet system have led to unauthorized access and transfers of funds.