CoinEx Resumes Deposits and Withdrawals After Hack
Crypto exchange CoinEx, which was recently hacked, has announced that it will resume deposits and withdrawals for its users on September 21st. During this time, the platform will focus on finalizing the reconstruction and deployment of its wallet system.
Operations Involving Multiple Cryptocurrencies
The official update states that CoinEx will resume operations involving wallets for Bitcoin (BTC), Ether (ETH), Tether (USDT), USDC, Tron (TRX), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), and Binance Coin (BNB).
New Deposit Addresses
As part of an upgrade to the deposit addresses for crypto assets, new deposit addresses will be generated for all users on September 21st. CoinEx advises against using any previously saved old deposit addresses, as they will no longer be functional.
Exercise Caution with New Addresses
Users are reminded to exercise caution and verify that they are using the newly provided address before making any deposits.
Expected Backlog of Withdrawal Requests
CoinEx has disclosed that a significant backlog of withdrawal requests is expected in the coming days. It may take more time than usual to process all withdrawal requests.
“We ensure the new wallet system is stable, and we will gradually resume deposit and withdrawal services for more assets. Please pay attention to official announcements for the progress.”
Enhanced Security Measures
CoinEx suffered a $70 million hack, allegedly orchestrated by North Korea’s Lazarus Group. As a result, the exchange has implemented a 100% asset reserve policy to protect users from potential security threats.
Hot Take: CoinEx Bounces Back with Deposits and Withdrawals Resumed
CoinEx, the crypto exchange that recently fell victim to a major hack, is making a comeback. After taking the necessary measures to enhance its wallet system and security protocols, CoinEx is now allowing its users to resume deposits and withdrawals. This step indicates the platform’s commitment to rebuilding and restoring trust among its user base. By generating new deposit addresses and advising against using old ones, CoinEx is ensuring that assets are protected and properly managed. Although there may be delays in processing withdrawal requests due to the anticipated backlog, CoinEx is determined to address this issue promptly. With increased security measures in place, CoinEx aims to provide a secure and reliable trading environment for its customers.
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