The cryptocurrency exchange CoinEx said it had “anomalous withdrawals” of assets from several hot wallets and assured users that their funds were safe.
Urgent Notice: Security Incident on CoinEx — Immediate Actions Underway
On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets. Promptly recognizing the gravity of the situation, we…
— CoinEx Global (@coinexcom) September 12, 2023
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\”Having quickly realised the seriousness of the situation, we immediately formed a dedicated investigative team to get to the bottom of the matter,\” the platform said.
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Initial estimates indicate the incident affected funds in ETH, TRON and MATIC. The exact amount of losses is still being determined, but the withdrawn funds represented a very small portion of CoinEx’s holdings, the team stressed.
The day before, on-chain data experts estimated that the outflow from the cryptocurrency platform more than $27 million was unauthorized.
CoinEx said that all affected users will receive 100% compensation.
To provide additional protection, the platform paused deposits and withdrawals \”until the situation is fully clarified\”.
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\”We solemnly promise that a detailed timeline and a comprehensive report on this incident will be presented to the community as soon as possible,\” the CoinEx team said.
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As reported in September, attackers withdrew assets from the hot wallets of the betting platform Stake, roughly $41 million. According to the FBI, the Lazarus Group, a North Korean hacking group, was behind the hack.