CoinEx Global Resumes Operations with Enhanced Security Measures
Cryptocurrency exchange CoinEx Global has announced its plans to resume operations on September 21st following a security breach that resulted in the loss of $54 million. The exchange has taken this opportunity to strengthen its security mechanisms and protocols to ensure better user protection.
In a recent press release, CoinEx revealed that it will be resuming deposits and withdrawals of assets such as BTC, ETH, TRX, USDC, and other cryptocurrencies. However, users are advised to avoid using their old deposit addresses as they have been upgraded to a new system. Any assets sent to the old addresses will be irretrievably lost.
As operations resume, CoinEx expects potential delays in processing withdrawal requests due to the anticipated increase in demand. The exchange plans to gradually reintroduce deposit and withdrawal services for a wider range of assets once the stability of the new wallet system is confirmed at scale.
Investing in Enhanced Security and Risk Management
CoinEx is committed to investing in enhanced security construction and risk management systems to safeguard user assets. By prioritizing user protection, the exchange aims to regain trust and provide a secure trading environment for its customers.
Hot Take: CoinEx Global Bounces Back with Strengthened Security Measures
After facing a significant security breach, CoinEx Global is set to resume operations with enhanced security measures. By upgrading their deposit address system and investing in improved security construction, the exchange aims to protect user assets from future threats. Although there may be some delays in processing withdrawal requests initially, CoinEx plans to gradually reintroduce more assets for deposit and withdrawal services once the stability of the new wallet system is confirmed. With these efforts, CoinEx is working towards rebuilding trust among its users and providing a secure platform for cryptocurrency trading.
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