LCX - REKT

Nothing to see here…

$7.94M stolen.

LCX is the latest CEX to have suffered a private key exploit.

The attack began around 10:30 PM +UTC on January 8th.

Peckshield spotted it first, then an official announcement came shortly after.

We’ve said it before; if established companies holding millions of dollars of users’ funds can’t manage their own hot wallet security, what purpose do they serve?

The USP of centralised finance grows smaller by the day.

The official incident report states that 7.94M USD were stolen in total, and that deposits and withdrawals to the platform have been paused.

LCX hot wallet: 0x4631018f63d5e31680fb53c11c9e1b11f1503e6f

Hacker’s wallet: 0x165402279f2c081c54b00f0e08812f3fd4560a05

Stolen funds:

162.68 ETH (502,671 USD)

3,437,783.23 USDC (3,437,783 USD)

761,236.94 EURe (864,840 USD)

101,249.71 SAND Token (485,995 USD)

1,847.65 LINK (48,557 USD)

17,251,192.30 LCX Token (2,466,558 USD)

669.00 QNT (115,609 USD)

4,819.74 ENJ (10,890 USD)

4.76 MKR (9,885 USD)

~$1M worth of $LCX remains in the address, along with 611k EURe which has been frozen by Monerium.

The rest, a total of 1891 ETH (~$6M) was sent to Tornado Cash.

Why can’t they keep private keys private?

Is it really that difficult for a traditional corporate structure to maintain good practice?

CeFi hacks leave us with little to say - we can only go on what the team chooses to tell us.

Next time, they can write this article themselves.

See below for a template.

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