Taiwan-based crypto exchange WOO X halted withdrawals after a $14 million hack that affected nine user accounts with unauthorized withdrawals.

The WOO X team said the breach was detected quickly, and the exchange had already contacted affected users and blocked a number of suspicious withdrawal attempts.

“As we continue with the investigation, we can confirm losses of $14m from the affected accounts. These users will have all funds covered,” said the WOO X team.

This story is an excerpt from the Unchained Daily newsletter.

“We are working with external security teams and other exchanges to halt the flow of funds.”

Blockchain security firm Cyvers found that the hackers moved funds across multiple blockchain networks, including Bitcoin, Ethereum, BNB, and Arbitrum. They swapped around $1 million in USDT for ETH, and transferred $7.3 million worth of tokens to new wallets.