Crypto Exchange CoinEx Promises Generous Bug Bounty Reward to Hacker Following $70,000,000 Exploit - The Daily Hodl

The Daily Hodl
The Daily Hodl

19 Sep 2023 6:45 PM

Days after suffering a security breach, crypto exchange CoinEx is reaching out to the hackers responsible for the incident....

  • CoinEx, a crypto exchange, has suffered a security breach and is reaching out to the hackers responsible.
  • They are offering a "generous bug bounty" if the stolen assets are returned.
  • CoinEx acknowledges the impact on affected users and invites the hackers to resolve the issue in a secure and reasonable manner.
  • The estimated losses from the breach are around $70 million, involving unauthorized transactions with Ethereum, Tron, and Polygon.
  • CoinEx assures affected users of full compensation and provides details on the resumption of withdrawals.
  • They emphasize the importance of asset security before reactivating withdrawal functionalities.

The sentiment of the article is neutral. CoinEx is taking a proactive approach by reaching out to the hackers and offering a bug bounty, while also assuring affected users of compensation and prioritizing asset security.

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You May Ask

What is CoinEx offering to the hackers responsible for the security breach?How much are the estimated losses from the breach?Which cryptocurrencies were involved in the unauthorized transactions?How is CoinEx planning to resume withdrawals?What is CoinEx's top priority before reactivating withdrawal functionalities?

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