On Tuesday (12), the cryptocurrency exchange CoinEx fell victim to a hacker attack that sent shockwaves through the market. According to information from Blockchain Cyvers Alerts, a digital security platform, the losses amounted to approximately $27 million, which is over $130 million at the current exchange rate in US dollars.
"🚨 Red Alert 🚨 Our AI-based system detected suspicious transactions related to CoinEx 2 hours ago. The potentially stolen funds total $18.12 million in ETH, $8.5 million in Tron [TRX], and $291,000 in Polygon [MATIC]. Possible causes: access control breaches, private key leaks, internal actions," reported Cyvers Alerts on their social media platform.
CoinEx confirmed the incident on their social media account and assured that immediate measures are being taken to resolve the situation.
"Our Risk Control team identified abnormal withdrawals from various hot wallet addresses used to store CoinEx's trading assets. Recognizing the severity of the situation promptly, we immediately formed a special investigation team to handle the case."
CoinEx also stated that unauthorized transactions involving $ETH, $TRON, and $MATIC are under preliminary assessment, and the exact loss amount is still being determined. The exchange assured that users' assets remain "safe and untouched," promising full compensation to affected parties for any losses resulting from this breach. To enhance security
, CoinEx has temporarily suspended deposit and withdrawal services, which will be resumed after a thorough review of the situation.
"We solemnly promise that a detailed schedule and comprehensive report on this incident will be shared with the community as soon as possible. In these challenging times, we sincerely seek everyone's understanding and patience. Our priority has always been and will continue to be the security and trust of our users. We deeply regret any discomfort this may have caused and assure you of our unwavering commitment to safeguarding your interests."
Minutes after the first official statement, CoinEx informed that they had identified and isolated suspicious wallet addresses linked to the hacker attack:
The company also mentioned that they are actively collaborating with affected cryptocurrency projects to find a solution and urged other crypto projects and exchanges to remain vigilant.
The blockchain security company PeckShield also warned of suspicious movements: "Suspicious outflows from CoinEx hot wallets."
Cryptocurrency journalist Colin Wu provided further details about the case. He tweeted that, after the alleged attack, CoinEX began moving the affected assets from the hot wallet to the cold wallet address 0xf54…7E5d.
"CoinEX wallets currently hold $97.83 million in assets, with $89 million stored in the cold wallet address 0xf54…7E5d, mainly comprising $51.7 million worth of ETH and $18.23 million in USDT," he reported.
Founded in 2017, CoinEx is one of the oldest cryptocurrency exchanges. At the time of writing this article, CoinEx had recorded nearly $30 million in trading volume in the past 24 hours, according to CoinMarketCap.