Coinex Potentially Hacked, Losing $28 Million in Hot Wallet Breach
Reports have emerged suggesting that Coinex, a global cryptocurrency exchange, may have experienced a security breach resulting in a loss of approximately $27.8 million. The breach reportedly involved assets such as ETH, MATIC, and TRX. Prior to the news breaking, blockchain security firm Peckshield had warned Coinex of suspicious outflows from its hot wallets. Despite multiple onchain indicators of a breach, Coinex has remained silent on the matter.
The Aftermath and Unusual Transaction Outflows
Following the incident, a significant amount of TRX and ETH was drained from the wallet, along with other tokens like GRT, DAI, and UNI. It is expected that the total amount lost may exceed the initial estimate of $28 million. Interestingly, onchain data revealed that the outflows were directed to an address with no prior transaction history.
Developing Story
This story is still unfolding, and more information will be provided as it becomes available.
Hot Take: Coinex Faces Potential Security Breach with Millions Lost
Coinex, a global cryptocurrency exchange, is currently grappling with a potential security breach that has resulted in the loss of around $28 million. The breach reportedly involved popular cryptocurrencies like ETH, MATIC, and TRX. Despite warnings from a blockchain security firm, the exchange has not yet addressed the issue publicly. Following the breach, a substantial amount of TRX and ETH, as well as other tokens, were drained from the wallet. It is uncertain how much more funds were lost beyond the initial estimate. The incident is still unfolding, and more details are expected to emerge soon.
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