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News

North Korea Suspected of Involvement in $54M CoinEx.com Hack, Link to $41M Stake Hack Uncovered

September 13, 2023 - Around 2 mins mins to read

Key Points:

  • Suspected North Korean involvement has emerged in the $54 million CoinEx hack following an accidental link to the $41 million Stake hack on OP & Polygon.
  • The investigation hinges on a digital address, 0x75497999432b8701330fb68058bd21918c02ac59, which inadvertently tied both hacks together.
North Korea may have played a significant role in the recent $54 million hack of cryptocurrency exchange, CoinEx.
North Korea Suspected of Involvement in $54M CoinEx.com Hack, Link to $41M Stake Hack Uncovered

This revelation comes to light after investigators stumbled upon a connection between the CoinEx breach and the earlier $41 million Stake hack on OP & Polygon. The accidental connection of a digital address has raised suspicions and sent shockwaves throughout the cryptocurrency community.

The cryptocurrency world was still reeling from the aftermath of the $41 million Stake hack when news of the CoinEx breach emerged. The two incidents appeared unrelated at first, but a critical discovery has led investigators to believe otherwise. A digital address, 0x75497999432b8701330fb68058bd21918c02ac59, was inadvertently linked to both hacks, raising red flags.

Experts from various cybersecurity firms have been closely monitoring the situation, and preliminary evidence suggests a possible North Korean involvement. North Korea has been known to engage in cyberattacks to fund its regime, and these recent developments further fuel suspicions of its participation in the cryptocurrency thefts.

CoinEx has been working tirelessly to secure its platform and recover the stolen funds. The exchange has assured its users that their assets are safe and has promised to compensate affected users. Meanwhile, OP & Polygon stakeholders affected by the $41 million theft are eagerly awaiting updates on the investigation.

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.com Hack

North Korea

Stake Hack

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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

North Korea Suspected of Involvement in $54M CoinEx.com Hack, Link to $41M Stake Hack Uncovered

Key Points:

  • Suspected North Korean involvement has emerged in the $54 million CoinEx hack following an accidental link to the $41 million Stake hack on OP & Polygon.
  • The investigation hinges on a digital address, 0x75497999432b8701330fb68058bd21918c02ac59, which inadvertently tied both hacks together.
North Korea may have played a significant role in the recent $54 million hack of cryptocurrency exchange, CoinEx.
North Korea Suspected of Involvement in $54M CoinEx.com Hack, Link to $41M Stake Hack Uncovered

This revelation comes to light after investigators stumbled upon a connection between the CoinEx breach and the earlier $41 million Stake hack on OP & Polygon. The accidental connection of a digital address has raised suspicions and sent shockwaves throughout the cryptocurrency community.

The cryptocurrency world was still reeling from the aftermath of the $41 million Stake hack when news of the CoinEx breach emerged. The two incidents appeared unrelated at first, but a critical discovery has led investigators to believe otherwise. A digital address, 0x75497999432b8701330fb68058bd21918c02ac59, was inadvertently linked to both hacks, raising red flags.

Experts from various cybersecurity firms have been closely monitoring the situation, and preliminary evidence suggests a possible North Korean involvement. North Korea has been known to engage in cyberattacks to fund its regime, and these recent developments further fuel suspicions of its participation in the cryptocurrency thefts.

CoinEx has been working tirelessly to secure its platform and recover the stolen funds. The exchange has assured its users that their assets are safe and has promised to compensate affected users. Meanwhile, OP & Polygon stakeholders affected by the $41 million theft are eagerly awaiting updates on the investigation.

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.