: Bexo Wallet Hack: What You Need to Know After the $500K EVM Drain




 Nearly 300 crypto wallets were emptied in a matter of hours this week. The attack hit users across ten different blockchains, and the name attached to the incident is one a lot of people in smaller wallet communities are only now hearing for the first time: Bexo.

On May 28, Bexo wallet posted a public warning on X telling its users to move their funds to an external wallet immediately. The platform said it had detected irregular account activity and was actively investigating. A follow-up post gave users a step-by-step guide: take your 12-word recovery phrase, import it into MetaMask or Trust Wallet, and get your money out.

That kind of warning does not come without a reason.

On-chain researcher mrwildcat7 tracked the damage. At least 297 wallets were drained across EVM chains including Ethereum, Polygon, BNB Chain, Arbitrum, Optimism, Base, Scroll, and others. All the funds flowed into a single wallet address before being swapped out through FixedFloat, a no-KYC exchange. Total losses came in at just under $500,000.

The working theory from mrwildcat7 is a provider-level private key leak. Not a phishing email. Not a compromised browser extension. The kind of breach where the infrastructure holding the keys gets hit, and every wallet ever created through that provider becomes readable to whoever took the data.

Ethereum bore most of the damage. 230 addresses. Nearly $494,737 drained. The other nine chains made up the rest.

What should you do if you used Bexo? Follow the official guidance. Import your seed phrase into a different wallet application and move funds to a brand new address. If you have any doubt about whether your seed phrase was part of the leaked data, treat it as compromised and generate a completely new wallet from scratch.

The full breakdown, chain-by-chain data, and on-chain visualizer tracking the theft address is covered in detail over at CryptoNewsLive.org. For anyone running funds across multiple EVM networks through third-party wallet apps, this is worth reading before you assume you are safe.

Read the full report at CryptoNewsLive.org.

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