Breach, Data Security

CoinEx hack confirmed following theft of $31M in crypto heist

Global cryptocurrency exchange CoinEx has disclosed being impacted by a cryptocurrency heist following the detection of anomalous withdrawals involving TRON, Polygon, and ETH coins across several of its wallets, reports The Record, a news site by cybersecurity firm Recorded Future. Investigation into the amount of cryptocurrency exfiltrated by attackers is still underway but numerous crypto security firms noted the theft of nearly $31 million worth of cryptocurrency from CoinEx, with PeckShield reporting that ETH accounted for most of the stolen cryptocurrency. CoinEx emphasized that only a limited amount of its assets have been impacted by the incident and that attack-linked wallet addresses have already been isolated. "We assure all users: your assets are secure and untouched. Affected parties will receive 100% compensation for any loss due to this breach. For added security, deposit and withdrawal services are temporarily suspended and will resume post a thorough review," said CoinEx, which added that a new solution that could be leveraged by individuals affected by the incident is under development.

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