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<ul> 
 <li>Suspicious withdrawals on CoinEx prompt immediate action and investigations.</li> 
 <li>CoinEx exposes all wallet addresses connected to the hack in three batches.</li> 
 <li>The exchange assures its users that their funds are not lost despite paused withdrawals.</li> 
</ul> 
<p>On September 12, 2023 at 2:18 p.m. (UTC), <a href="https://twitter.com/CyversAlerts" target="_blank" rel="noopener noreferrer nofollow">Cyvers Alerts</a> published a tweet about suspicious withdrawals from the crypto exchange CoinEx. Crypto assets like ETH, TRON, MATIC and more from <a href="https://www.coinex.com/en/" target="_blank" rel="noopener noreferrer nofollow">CoinEx</a> hot wallets were transferred to unknown addresses. Accordingly, this indicates a possible hack.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">UPDATE<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> The <a href="https://twitter.com/hashtag/Lazarus?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Lazarus</a> from North Korea is in the spotlight again!<br><br>Security experts unveil shocking connection!<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;">The hacker behind <a href="https://twitter.com/Stake?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Stake</a> 's $41 million heist is <br><br>linked to $54M <a href="https://twitter.com/coinexcom?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@coinexcom</a> hack from yesterday<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f575-fe0f-200d-2642-fe0f.png" alt="🕵️‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/CyversAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CyversAlert</a> <a href="https://t.co/HYLmgd5oke" rel="noopener noreferrer nofollow">https://t.co/HYLmgd5oke</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cyvers Alerts 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CyversAlerts) <a href="https://twitter.com/CyversAlerts/status/1701935915982086542?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The <a href="https://cryptonewsland.com/coinex-pays-a-hefty-1-8-million-to-resolve-ny-attorney-general-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">CoinEx team</a> responded to the incident on Twitter at 5:38 p.m. the same day. According to the official statement, the exchange’s risk control system had detected abnormal withdrawals from several hot wallet addresses used to store CoinEx exchange assets.</p> 
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   <p lang="en" dir="ltr">Urgent Notice: Security Incident on CoinEx – Immediate Actions Underway<br><br>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…</p>— CoinEx Global (@coinexcom) <a href="https://twitter.com/coinexcom/status/1701651414991397176?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2023</a> 
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<p>In an immediate response, the exchange formed a special investigation team to investigate the incident. Additionally, it also promised 100% compensation for all losses incurred as a result of this breach.</p> 
<h3 class="wp-block-heading" id="h-coinex-s-swift-security-response"><strong>CoinEx’s Swift Security Response</strong></h3> 
<p>The CoinEx security team went on to track the stolen funds and made significant progress. At 6:20 p.m. on September 12th, CoinEx announced the first batch of hacker wallet addresses on Twitter and asked various blockchain organizations for assistance in freezing these addresses.</p> 
<p>At 2:41 a.m. on September 13th, CoinEx announced the second group of hacker addresses. Soon after alerting its community about the first two batches of hacker wallets, the platform revealed one more batch of addresses. In total, three batches of suspicious wallet addresses were exposed. To specify, all these wallets were linked to the hack.&nbsp;</p> 
<p>So far, CoinEx has disclosed three groups of hacker addresses and asked the relevant project teams and exchanges to monitor and freeze the suspicious addresses. Users are worried as they are currently unable to withdraw funds from CoinEx.&nbsp;</p> 
<p>Fortunately, they have been assured by the exchange that withdrawals will resume once the hackers’ addresses are fully identified and isolated after a ‘thorough verification’ in the interest of asset security.</p> 
<p>The team also emphasized that users’ assets remain ‘safe and intact’. Unlike cold wallets, which are kept offline and therefore more secure, hot wallets are more vulnerable to hacker attacks. In recent years, there have been numerous incidents of exchange hacks and coin thefts that have dealt a serious blow to blockchain security.</p> 
<p>It remains a <a href="https://cryptonewsland.com/north-korean-hackers-keep-hacking-the-crypto-space-reuters-reports/" target="_blank" rel="noopener noreferrer nofollow">challenge for crypto exchanges</a> to find effective ways to keep hackers at bay. At the time of writing, CoinEx is still assessing the losses incurred. We will continue to monitor the situation closely and provide updates as soon as possible.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/coinex-pays-a-hefty-1-8-million-to-resolve-ny-attorney-general-lawsuit/" rel="noopener noreferrer nofollow">CoinEx Pays a Hefty $1.8 Million to Resolve NY Attorney General Lawsuit</a></li> 
 <li><a href="https://cryptonewsland.com/controversial-allbridge-recovery-plan-who-gets-paid-first/" rel="noopener noreferrer nofollow">Controversial Allbridge Recovery Plan: Who Gets Paid First?</a></li> 
 <li><a href="https://cryptonewsland.com/suspicious-wallets-nearly-earned-1m-on-binance-listings/" rel="noopener noreferrer nofollow">Suspicious Wallets Nearly Earned $1M on Binance Listings</a></li> 
 <li><a href="https://cryptonewsland.com/kucoin-twitter-hacked-users-cautioned/" rel="noopener noreferrer nofollow">KuCoin Exchange’s Twitter Account Hacked, Users Cautioned</a></li> 
 <li><a href="https://cryptonewsland.com/stake-com-faces-16m-in-suspicious-withdrawals-what-it-means-for-crypto-casinos/" rel="noopener noreferrer nofollow">Stake.com Faces $16M in Suspicious Withdrawals: What It Means for Crypto Casinos</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/coinex-promises-100-compensation-after-recent-hack-attack/">CoinEx Promises 100% Compensation After Recent Hack Attack</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

CoinEx Promises 100% Compensation After Recent Hack Attack

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