An incident occurred recently in which WOO Network, a cryptocurrency marketmaker platform, experienced unauthorized access to its API keys. This led to an estimated loss of $22 million. The hack comes three months after the platform's co-founders, Jack Tan and Mark Pilmentel, experienced the theft of 1.4 million dollars while dealing with disgruntled engineers that sought unpaid bonuses. Upon the announcement of the incident, the WOO token's value decreased by 10%. The two former engineers were sentenced to fixed-term imprisonment, but ultimately paid fines to avoid their sentences. While the connection between the two events has yet to be confirmed, the company behind WOO has suspended all trading activities and is currently investigating the situation. It is important to note that this information does not constitute financial advice.



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