CoinEx pledges full compensation to affected users

The cryptocurrency exchange CoinEx has pledged full compensation to users who suffered losses from the recent breach of the platform. This was disclosed by representatives of the trading platform in an exclusive ForkLog interview.

On 12 September, PeckShield discovered a ‘suspicious outflow’ of funds from CoinEx. On the same day the exchange team responded to the incident on X.

According to CoinEx’s statement, the risk-control system detected anomalous withdrawals from several hot-wallet addresses. The exchange pledged full compensation for any losses related to the hack.

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

CoinEx said that the exchange’s security team is tracking the stolen funds.

\n“On September 12 we published a list of hacker addresses on X and contacted various blockchain companies that will track and freeze the funds on their platforms,” said representatives of CoinEx.

The exchange published lists of attacker addresses on the Bitcoin, Ethereum, TRON, XRP, Solana, BNB Chain, Kadena, Bitcoin Cash, XDAG, Arbitrum, OP Mainnet and Stellar networks.

\n“Users are concerned that they cannot withdraw assets from CoinEx. This is a temporary measure to safeguard funds. Withdrawals will resume as soon as the hacker wallets are fully identified and isolated after thorough verification,” said representatives of the platform.

Meanwhile, the CoinEx team emphasised that they are still assessing the extent of losses.

Earlier, SlowMist analyzed the addresses associated with the CoinEx breach and found that the estimated damage amounts to about $55.5 million. They suspected Lazarus Group hackers were behind the breach.