$27 million worth of cryptoassets were withdrawn from the CoinEx exchange's hot wallet

Carding

Professional
Messages
2,870
Reaction score
2,494
Points
113
Yesterday, on September 12, ETH, TRX and MATIC were withdrawn from the CoinEx cryptocurrency exchange in the amount of about $27 million. There are suspicions that the exchange may have been affected by a hacker attack.

Initially, about 4,947 ETH worth $7.9 million was transferred from the CoinEx hot wallet. Immediately after this transaction, 408,741 DAI, 2.7 million GRT, 29,158 UNI and other tokens were withdrawn to the same address.

Blockchain security experts from Cyvers Alerts estimated the exchange's losses at about $27 million. At the same time, crypto assets were transferred to an address without a transaction history. Possible causes of the incident were: violation of access control to the exchange, leakage of the private key, actions of insiders or the "rug-pull" scheme.

The head of CryptoQuant's research department, Julio Moreno, also noted suspicious actions with the CoinEx wallet, as almost 5,000 ETH leaked from the site in one hour, and 40,000 ETH since May. Currently, the exchange's ether reserves are almost zero, Moreno added.

Yes, we're seeing weird behavior of its ETH reserves. Almost 5K ETH gone today in an hour and 40K ETH since May. Reserves are now basically zero ETH. pic.twitter.com/7ONSf2pRkp — Julio Moreno (@jjcmoreno) September 12, 2023

CoinEx support team confirmed on Twitter that large amounts of money were withdrawn from several hot wallet addresses used to store CoinEx exchange assets. A special investigation team has been appointed to clarify the situation. The exact amount of damages is still being determined.

The exchange assured users that their crypto assets are safe. Affected parties will receive 100% compensation for any damages incurred as a result of this violation. To provide additional security, CoinEx has suspended making deposits and withdrawing funds from the platform.

Recall that recently hackers broke into the Twitter account belonging to the co-founder of Ethereum, Vitalik Buterin. Scammers published messages on his behalf about a fictitious NFT distribution, and user losses exceeded $690,000.
 
Top