CoinEx Promises Swift Withdrawal Recovery While Preliminarily Identifying Causes of the Hack | Bitcoinist.com
Bitcoinist
16 Sep 2023 10:35 AM
On September 12, 2023, CoinEx, a global cryptocurrency exchange, suffered a hack resulting in anomalous withdrawals from hot wallets used to temporarily store...
- On September 12, 2023, CoinEx, a global cryptocurrency exchange, experienced a hack resulting in anomalous withdrawals from hot wallets.
- CoinEx disclosed the incident details 48 hours later, attributing the root cause to the leakage of private keys associated with the hot wallets.
- The exchange formed a special team to track suspicious addresses and transferred remaining assets to secure wallets, but withdrawal services remain suspended.
- CoinEx is currently focused on building a new and robust wallet system to handle activities within multiple chains and assets.
- The founder of CoinEx, Haipo Yang, issued a public apology and pledged 100% compensation for asset losses, promising transparency and future security improvements.
- Competitor platforms have been assisting CoinEx in its remediation efforts.
The sentiment of the article is mostly negative, focusing on the hack and its consequences for CoinEx. However, there is also a positive sentiment towards the prompt response and remediation efforts by CoinEx and the collaborative assistance from competitor platforms.