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