Hong Kong cryptocurrency exchange CoinEx is hacked


On Tuesday, a security breach occurred at the cryptocurrency exchange CoinEx Global, which resulted in the theft of around $43 million worth of crypto. CoinEx Global is situated in Hong Kong.

Tokens such as Ether, XRP, Solana, Kadena, and Dagger were stolen, and the exchange is currently determining the entire scope of the cryptocurrency assets that were lost as a result of the hack. However, the exchange said on Wednesday morning that it had found a second set of strange wallet addresses that were tied to the breach.

The Blockchain security company PeckShield assessed the exchange’s loss to be about US$43 million on Wednesday, before CoinEx released its most recent update. They made their statement on X (previously Twitter). CoinEx discovered the initial set of addresses connected to the breach, and those addresses were responsible for stealing Ether, Bitcoin, and Tron from the network.

Following the incident that occurred on Tuesday, CoinEx said in a notification that was published on its X account that all user assets are safe and secure. The exchange has temporarily stopped accepting deposits and withdrawals, and it has given its customers the assurance that they would be fully compensated for any losses incurred as a result of the incident.

According to the findings of a blockchain forensics company called Chainalysis, cybercriminals stole more than $3.8 billion worth of cryptocurrency. US$1.7 billion of the total was stolen by hackers with ties to North Korea.

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