The exchange has pledged to recover losses for all affected users.
Global cryptocurrency exchange CoinEx has been hacked, costing at least $29 million, with on-chain sleuths uncovering a series of suspicious transactions in the company’s hot wallets.
Crypto security platform Cyvers reported the breach on Tuesday and called on CoinEx to immediately halt all deposits and withdrawals.
The hack occurred on three different blockchains and involved multiple coins. In total, thieves stole $18.12 million in assets on Ethereum, $8.5 million in assets on Tron, and $291,000 in assets on Polygon.
According to the company, if this was not just an "insider effort," possible reasons for the hack include "access control violations," "private key compromise," and "spoofing."
Cyvers added that three of the hacker’s suspected addresses have begun exchanging their assets for ETH, with one address having transferred 3,365 ETH ($5.3 million) to an externally owned address.
CoinEX later released a statement confirming the breach. While they noted that the exact amount of the exchange’s assets lost was still uncertain, they said the affected funds only represented “a small portion of CoinEx’s total assets.”
“We would like to assure all our users: your assets are safe and unaffected. Affected parties will be 100% compensated for any losses incurred as a result of this breach,” the exchange wrote.
CoinEx also promised to provide a "full report" and a detailed timeline of events, and the company has hired an investigative team to look into the matter. #加密货币 #CoinEx
