CoinEx exchange confirmed hacking of hot wallets

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Cryptocurrency exchange CoinEx reported “anomalous withdrawals” of assets from several hot wallets and assured users that their funds were safe.

“Having quickly realized the gravity of the situation, we immediately created a special investigation team to look into the matter,” the platform said in a statement.

According to preliminary estimates, the incident affected funds in ETH, TRON and MATIC. The exact amount of losses is still being clarified, but the withdrawn funds are a very small part of CoinEx’s assets, the team emphasized.

The day before, on-chain data experts estimated that we are talking about an unauthorized outflow of more than $27 million from the cryptocurrency platform.

CoinEx stated that all affected users will receive 100% compensation.

To provide additional protection, the platform has suspended deposits and withdrawals “until the situation is fully clarified.”

“We solemnly promise that a detailed timeline and comprehensive report on this incident will be provided to the community as quickly as possible,” the CoinEx team assured.

Let us recall that in September, attackers withdrew approximately $41 million in assets from the hot wallets of the Stake betting platform. According to the FBI, the North Korean hacker group Lazarus Group was behind the hack.

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