CoinEx Published FAQ on Recent Hack, Addresses Community Concerns


18 Sep 2023 8:09 AM

Top centralized exchange CoinEx answered questions regarding recent $70 million hack and future plans...

  • CoinEx experienced a hack on September 12, resulting in the compromise of one of their hot wallets.
  • Immediate actions were taken, including suspending deposits and withdrawals, transferring remaining assets to cold storage, and initiating investigations.
  • CoinEx is working on rebuilding and deploying a new wallet architecture to enhance security.
  • The CEO has expressed regret and reassured users that their funds will not be impacted.
  • CoinEx released an FAQ addressing concerns about withdrawal restoration, compensation, and future security plans.
  • Withdrawals will gradually resume once stringent security checks are passed.
  • CoinEx operates independently from other product lines, so the incident will not impact them.
  • The estimated loss from the hack is approximately $70 million.
  • The identity of the attacker is still under investigation.

The article provides updates on CoinEx's response to a hack, highlighting their efforts to investigate, enhance security, and compensate affected users. The tone is informative and reassures users about the safety of their funds.

Go to publisher site

You May Ask

What actions did CoinEx take immediately after the hack?How is CoinEx addressing concerns about withdrawal restoration and compensation?Will the hack impact other product lines of CoinEx?What is the estimated loss from the hack?Is the identity of the attacker known?

Suggested Reads