Crypto platform halts trading after detecting $98,000 unauthorized withdrawal
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A centralized crypto exchange reported a $98,000 unauthorized withdrawal from an ephemeral instance and paused all trading, deposits, and withdrawals during a multi-hour investigation. While the venue says user funds are "SAFU" and losses will be covered internally, the outage impairs on-platform liquidity and order execution across listed tokens and can drive short-term risk aversion and cross-venue flow shifts until normal operations resume.
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A cryptocurrency trading platform said it detected an unauthorized $98,000 withdrawal from an ephemeral instance. The platform paused all trading, deposits and withdrawals as a precaution while it conducts an investigation expected to last several hours. It said user funds remain SAFU and that the platform will cover the loss so users are not affected. The incident did not involve the mainnet or a hot wallet, but the service halt disrupts immediate token liquidity and order execution across the platform.
