This Ascendex exchange was just hacked and estimated loss is around $80 million in total, $60M was on ethereum, $9.2M BinanceChain, $8.5M 0xPolygon!
It appears that their hot wallet was compromised and coins got transfered with Curve.fi into stable coins USDC and USDT.
PeckShield blockchain security and data analytics made a twitter post about this hack with more details:
https://twitter.com/peckshield/status/1469915194004766722?s=21This is the last twitter post by Ascendex exchange when they warned users about some strange activity:
We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is NOT affected. Investigation underway. If any user’s funds are affected by the incident, they will be covered completely by AscendEX
https://twitter.com/AscendEX_Global/status/1469886844787691528I will repeat once again, NEVER hold your coins on any centralized exchange, even if they have best ever security and reputation.
You can reduce your risk if you don't use a bunch of shitcoins like people did in this case.