Post
Topic
Board Altcoin Discussion
Re: $28M stolen from CoinEx - are your funds safe?
by
albon
on 26/09/2023, 18:01:55 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.

Source: https://thedefiant.io/coinex-exchange-hacked-for-usd28m
I feel bad about what happened, and unfortunately, the CoinEx platform is not the only one that fraudsters were able to access and steal millions of its assets, but what I recently read is that the HTX platform (formerly Houbi) was also subjected to significant thefts, and Justin Sun announced this. There are significant challenges facing the CEX exchange platforms, and frankly, these Exchanges make us believe that cold wallets are the safest option. Fortunately, I have not used the CoinEx platform before. I only use the top exchange platforms for trading and other features.


I read in CoinEx's tweet on X that they have made great strides in tracking down hackers and stolen assets and have received support from other exchange platforms. I hope they can compensate the affected users. Also, there is an essential matter through this CoinEx Announcement that there are specific currencies available for withdrawal and deposit. This exchange has not resumed all its services yet, so please beware of the false claims of scammers.