Lykke, a cryptocurrency exchange, has confirmed a significant security breach on its platform, with digital assets worth $22 million stolen by hackers.

The incident, acknowledged on June 10, prompted the company to immediately shut down the affected systems to mitigate further loss.

Despite the scale of the theft, Lykke has reassured its users that their funds are secure and has faced criticism for allegedly delaying the announcement of the breach.

This event highlights ongoing security concerns within the cryptocurrency exchange landscape.