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News

CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

September 12, 2023 - Around 2 mins mins to read

Key Points:

  • CoinEx is under suspicion of a major hack. $27.8 million in Ethereum (ETH), TRON (TRX), and Polygon (MATIC) vanished from hot wallets.
  • CoinEx has not confirmed or denied the hack, leaving users in suspense.
  • Investors and traders await an official statement regarding the situation and security measures in place.
A user on the platform X, @itsmodsiw, recently posted alarming news claiming that CoinEx‘s security might have been compromised.
CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

As per the user’s post, a staggering $27.8 million has seemingly vanished from CoinEx’s hot wallets, affecting Ethereum (ETH), TRON (TRX), and Polygon (MATIC) holdings.

This news sent shockwaves through the crypto sphere, raising concerns about the security of digital assets on various exchanges. The exchange has garnered a significant user base over the years. However, this alleged security breach has put a dent in its reputation.

CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

CoinEx has not officially confirmed or denied the hacking allegations as of now, leaving its users in a state of uncertainty and worry. Investors and traders are eagerly awaiting an official statement from the exchange to clarify the situation and provide insights into the security measures in place.

The $27.8 million loss primarily involves cryptocurrencies stored in CoinEx’s hot wallets, which are used for daily operational purposes and liquidity provision. The affected assets, including ETH, TRON, and Polygon, are popular choices among cryptocurrency enthusiasts, making this incident even more disconcerting for users.

The crypto industry has seen its fair share of hacking incidents over the years, with exchanges beefing up security to safeguard user funds. CoinEx’s suspected hack underscores the importance of robust security measures within the crypto ecosystem.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

CoinEx

CoinEx Security

cyber attack

USD

USD Vanishes

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

Key Points:

  • CoinEx is under suspicion of a major hack. $27.8 million in Ethereum (ETH), TRON (TRX), and Polygon (MATIC) vanished from hot wallets.
  • CoinEx has not confirmed or denied the hack, leaving users in suspense.
  • Investors and traders await an official statement regarding the situation and security measures in place.
A user on the platform X, @itsmodsiw, recently posted alarming news claiming that CoinEx‘s security might have been compromised.
CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

As per the user’s post, a staggering $27.8 million has seemingly vanished from CoinEx’s hot wallets, affecting Ethereum (ETH), TRON (TRX), and Polygon (MATIC) holdings.

This news sent shockwaves through the crypto sphere, raising concerns about the security of digital assets on various exchanges. The exchange has garnered a significant user base over the years. However, this alleged security breach has put a dent in its reputation.

CoinEx Security Alert: 27.8 Million USD Vanishes in Suspected Cyber Attack!

CoinEx has not officially confirmed or denied the hacking allegations as of now, leaving its users in a state of uncertainty and worry. Investors and traders are eagerly awaiting an official statement from the exchange to clarify the situation and provide insights into the security measures in place.

The $27.8 million loss primarily involves cryptocurrencies stored in CoinEx’s hot wallets, which are used for daily operational purposes and liquidity provision. The affected assets, including ETH, TRON, and Polygon, are popular choices among cryptocurrency enthusiasts, making this incident even more disconcerting for users.

The crypto industry has seen its fair share of hacking incidents over the years, with exchanges beefing up security to safeguard user funds. CoinEx’s suspected hack underscores the importance of robust security measures within the crypto ecosystem.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.