UK cryptocurrency exchange Lykke has suspended trading services after $22 million was seemingly stolen in a hack.
This disruption in the crypto community is a cause of concern as to the security measures being implemented in digital currency exchanges.
Crypto Exchange Lykke Halts Amid $22M Suspected Hack
Lykke disclosed “unauthorised access” to its platform, which came to light through the popular web investigator SomaXBT. This incident led to $22 million in suspicious outflows, according to Taylor Monahan, a MetaMask developer and a crypto defense analyst.
Interestingly, the breach happened only a few days after the initial indications of unauthorized access were noticed, prompting the exchange to suspend all trading activities on the platform.
According to DLNews, the British cryptocurrency exchange Lykke has shut down trading, citing „unauthorized access” to its platform and suspected hacking. MetaMask developer Taylor Monahan said the exchange has suffered a suspicious outflo
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