PANews reported on July 25 that blockchain security agency Cyvers Alerts tweeted that it had detected multiple suspicious transactions involving WOO X, covering BTC, ETH, BNB, and ARB networks, with an estimated loss of more than $12 million. On the Ethereum network, a suspicious address received $1 million worth of USDT and additional ETH from WOO's hot wallet. The $1 million USDT was then exchanged for ETH, and approximately $7.3 million in funds were transferred to a new address. The WOO team has confirmed the incident and said it is investigating a restricted incident that occurred on the WOO X platform earlier today. User funds and transactions are currently unaffected, but the platform has temporarily suspended withdrawals during the investigation.