AscendEX (Bitmax) Loses $78 Million to Hackers

Crypto exchange AscendEX lost about $77.7 million to hackers. The exchange lost tokens on Ethereum, Binance Smart Chain, and Polygon. Also, AscendEX token ASD rallied after briefly plunging following the news Cryptocurrency exchange AscendEX, formerly Bitmax, is the latest crypto exchange to fall victim to hackers. The exchange recently disclosed a breach in the exchange’s hot wallet. Researchers at PeckShield, a security firm, claim the exchange lost about $77.7 million.  Fortunately, the hack was limited to the exchange’s hot wallet with the cold wallet remaining unaffected.  Some of the tokens taken from the exchange include Tether (USDT) and USDC stablecoins,