CoinEx Exchange Suspected of Being Hacked with $27 Million in Suspicious Token Outflows
Several Twitter accounts have raised concerns over a potential hack at cryptocurrency exchange CoinEx after over $27 million worth of suspicious token outflows were flagged. On September 12, an abnormally large amount of funds from CoinEx began flowing to a wallet with no transaction history. This prompted experts to suspect a hack. Cybersecurity platform Cyvers Alerts estimated the losses from the suspected hack to be around $27 million. A blockchain security firm called PeckShield also deemed the outflows as suspicious. CoinEx later confirmed the suspicious withdrawals and formed an investigative team to determine the cause. The exchange assured users that their assets were secure and that affected parties would receive full compensation.
Hot Take: CoinEx Faces Suspected Hack with Millions Worth of Tokens Outflow
CoinEx, a popular cryptocurrency exchange, appears to have suffered a hack that resulted in suspicious token outflows totaling around $27 million. The hack was flagged by several experts and monitoring platforms, raising concerns about the exchange’s security. CoinEx has confirmed the incident and launched an investigation into the matter. The exchange reassured its users that their assets are secure and promised 100% compensation for any losses caused by the breach. CoinEx has temporarily suspended deposits and withdrawals while it conducts a thorough security review. This incident highlights the ongoing risks and vulnerabilities in the crypto industry, emphasizing the need for robust security measures and constant vigilance to protect user funds.
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