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<h2 id="span-style-font-size-19px-color-inherit-font-weight-bolder-coinspot-australia-s-largest-exchange-suffers-major-security-breach-span-br">CoinSpot: Australia's Largest Exchange Suffers Major Security Breach </h2>
CoinSpot, an Australian <a href="https://www.coingabbar.com/en/crypto-currency-news/chatgpt-4-turbo-for-crypto-price-forecast" class="f-link" rel="noopener noreferrer nofollow">crypto </a>exchange was reportedly hacked for $2.4 million due to a "probable private key compromise" in one of its hot wallets.&nbsp;
The funds were transferred to the Bitcoin network via ThorChain and Wan Bridge. This makes tracking the stolen funds more challenging. CoinSpot is regulated by AUSTRAC and holds an Australian <a href="https://www.coingabbar.com/en/crypto-currency-news/dcgs-tradeblock-to-shut-down-amid-regulatory-challenges" class="f-link" rel="noopener noreferrer nofollow">Digital Currency</a> Exchange License.

CoinSpot Hot Wallet Hack Highlights Crypto Security Concerns

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