Crypto Exchange WOO X Loses $14M After Team Member Falls for Phishing Attack

Key Points

1. WOO X suffered a $14 million security breach on July 24, 2025, after a team member’s device was compromised in a targeted phishing attack.

2. User funds and trading were unaffected, but withdrawals were temporarily paused during the investigation.

3. Web3 projects lost $3.1 billion to exploits and scams in the first half of 2025, with phishing attacks accounting for over $410 million in 132 incidents.

4. Ethereum was the most targeted blockchain, experiencing 175 security events and over $1.6 billion in losses.

5. Physical violence against crypto holders escalated in 2025, with at least 32 'wrench attacks' reported globally, including kidnappings targeting family members of crypto holders.