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<ul><li>CoinEx Global was hit by a security breach, leading to an estimated $43 million loss in multiple cryptocurrencies.</li><li>The exchange suspended deposit and withdrawal services and assured full compensation to affected users.</li><li>CoinEx identified a second set of suspicious wallet addresses linked to the breach and called for industry collaboration.</li></ul>Hong Kong-based cryptocurrency exchange CoinEx Global fell victim to a significant security breach on September 12. The exchange initially detected &#34;anomalous withdrawals&#34; from several hot wallet addresses, leading to the suspension of deposit and withdrawal services.CoinEx announced the hack on X, assuring that affected users would receive full compensation for their losses:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/26be0a7ef9e64248a6125ef0e8999bd2.png" />While the exact amount of the loss is still under scrutiny, blockchain security firm PeckShield <a href="https://x.com/PeckShieldAlert/status/1701731944340562107?s&#61;20" rel="noopener noreferrer nofollow">estimated</a> the damage to be around $43 million, spread across multiple cryptocurrencies, including Ether, TRON, and Polygon. The breach involved multiple cryptocurrencies, with PeckShield breaking down the loss as approximately $19 million in Ether, $11.5 million in TRON, $6.4 million in BSC, $6 million in BTC, and $295,000 in MATIC. Another independent source, ZachXBT, <a href="https://x.com/zachxbt/status/1701732307080564832?s&#61;20" rel="noopener noreferrer nofollow">reported</a> an additional $6 million drained in XRP, which was not initially included in PeckShield&#39;s assessment.On September 13, CoinEx released an <a href="https://x.com/coinexcom/status/1701788254700507362?s&#61;20" rel="noopener noreferrer nofollow">update</a> identifying a second set of suspicious wallet addresses linked to the breach. The exchange urged industry colleagues and affected projects to assist in flagging and freezing these questionable addresses. The exchange added, &#34;Together, we can face and overcome the challenges ahead&#34;.Read full article at <a href="https://cryptotale.org/coinex-global-suffers-major-security-breach-estimated-43-million-loss/" rel="noopener noreferrer nofollow">CryptoTale.</a>

CoinEx Global Suffers Major Security Breach: Estimated $43 Million Loss

CryptoTale

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