© Reuters.Cyber Attack On CoinEx Results In $27M Stolen, Exchange Suspends Withdrawals Temporarily BTC/USD +1.72% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close ETH/USD +2.38% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close BCH/USD +0.30% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close TRX/USD +0.86% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close MATIC/USD +1.71% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close SOL/USD +5.37% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close Benzinga – Cryptocurrency exchange, CoinEx , has ceased withdrawals temporarily in response to a suspected cyber-attack which could have resulted in a loss of approximately $27 million, as reported by Decrypt.
What Happened : On Tuesday, multiple cybersecurity firms noticed unusual activities on the platform.CoinEx confirmed that several hot wallet addresses, which are used for storing the exchange’s assets, experienced “anomalous withdrawals”.The potentially stolen assets include Ethereum (CRYPTO: ETH), Tron (TRON), and Polygon (MATIC).
While the final loss amount is still being evaluated, CoinEx has reassured its users that the stolen funds represent only “a very small portion of CoinEx’s total asset[s]”.The company has disabled all deposits and withdrawals for the time being as it investigates the situation.
Urgent Notice: Security Incident on CoinEx – Immediate Actions UnderwayOn September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets.Promptly recognizing the gravity of the situation, we…
— CoinEx Global (@coinexcom) September 12, 2023
In response to the breach, CoinEx has promised its users that their assets are safe and unaffected.
The company has also pledged to provide “100% compensation for any loss due to this breach.”
Since acknowledging the breach, CoinEx has released several lists of suspicious wallet addresses connected to the hack.
The affected tokens include the initially identified three and others such as Bitcoin (CRYPTO: BTC), Arbitrum (ARB), Solana (SOL).
See Also: Shiba Inu Burn Rate Spikes 330% In A Single Day After Shibarium Sets New Record
Why It Matters : Established in 2017, CoinEx has been a prominent player in the cryptocurrency exchange industry, particularly after its emphasis on Bitcoin Cash (BCH) following the cryptocurrency’s first hard fork.
In 2020, the company broadened its services to include futures trading, leveraged trading, options trading, and access to over 100 token projects.Despite claiming last month that it “has never suffered any security breach thanks to its world-class security infrastructure”, the exchange has now been hit by a substantial cyber attack.
Earlier this year, the beleaguered cryptocurrency exchange FTX reported a loss of $415 million due to cyber theft.
However, TRM Labs reported a 70% drop in crypto attacks in the first quarter of 2023 compared to the same period in the previous year.Despite these security improvements, the CoinEx incident shows that crypto exchanges continue to be a target for hackers.
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Cyber Attack On CoinEx Results In $27M Stolen, Exchange Suspends Withdrawals Temporarily.
