Post
Topic
Board Altcoin Discussion
Re: $28M stolen from CoinEx - are your funds safe?
by
eaLiTy
on 20/09/2023, 18:17:13 UTC
A crypto exchange based in Hong Kong, CoinEx, is dealing with a security breach. They've lost a significant amount of ETH and TRON from their hot wallets (4,946 ETH and 354,762 TRX so far). The company is looking into it and has promised to reimburse affected users.
I was thinking that we have not heard about a major breach for months and now we have another one, it is not that of a surprise now, to hear millions of dollars worth of stolen coins from one or the other cryptocurrency business.

The amount stolen is $70 million according to reports and that too the hackers were able to compromise their private keys, no idea how they were able to do that, but many more hacks should we witness once these companies take security seriously.