CoinEX Suffers Major Crypto Heist; Over $50 Million Lost
CoinEX, a leading cryptocurrency exchange, revealed a breach where hackers targeted its hot wallets, pilfering substantial amounts of digital assets meant for platform operations. The attack on September 12 saw unauthorized transactions in Ethereum, Tron, and Polygon.
While CoinEX hasn't yet disclosed the exact financial ramifications, blockchain security firm PeckShield approximates losses at around $43 million. This includes about $19 million in $ETH, $11 million in $TRON, $6.4 million in Smart Chain Coin, $6 million in Bitcoin, and roughly $295,000 in. CertiK Alert, however, estimates the loss to be closer to $53 million.
CoinEX has confirmed that user assets remain unaffected, and any incurred losses will be fully compensated. To safeguard user assets further, the exchange has temporarily halted all deposit and withdrawal activities. Operations will recommence once their IT team ensures complete risk mitigation.
Although exact details of the attack are currently under wraps, CoinEX plans to publish a comprehensive post-incident report soon. Presently, the company is pinpointing wallet addresses linked to the hack and partnering with other exchanges to obstruct the hackers' attempts to utilize the stolen assets.
Recent times have witnessed a spike in crypto heists, with the North Korean-backed 'Lazarus' group implicated in several high-stake thefts. While CoinEX hasn't directly blamed anyone, blockchain investigator ZachXBT noted that a wallet address linked to the breach was previously tied to Lazarus.
The Lazarus group is associated with multiple recent crypto thefts, including a $35 million heist from Atomic Wallet in June, $60 million from Alphapo and $37.3 million from CoinsPaid in July. The FBI has also spotlighted this group for attempting to launder and move approximately $41 million in stolen cryptocurrency. Furthermore, early this month, the crypto casino platform 'Stake.com' reported a $41 million loss, with Lazarus identified as the culprits by the FBI two days post-incident.
Loading Comments ...
Comments
No comments have been added for this post.
You must be logged in to make a comment.