Quote from: albon on Today at 06:01:55 PM

Quote from: sesterceshop on September 13, 2023, 05:50:57 AM

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.

What matter most here is that those affected users should really be getting that compensation or given their funds back but i highly doubt that it would really be something that so easy to happen if ever the hacked amount
isnt really that small or really that significant. If they have said about those possible compensation then it would be a good news into those affected users but if not then it would really be a never ending kind of begging on
getting their funds back. I do remember about that Mt.Gox too that even up to now which people do really still hope on getting their funds back after how many long years that had passed.
It doesnt really have no sense on making yourself that storing that huge amount on any centralized platform even if we do say about storing it in Binance. It doesnt really give out guarantees that those coins are completely
safe because once hacking or locked up happen then you cant really be able to assure that you would really be seeing your coins again.Just like the rest been saying on here that this is my first time on hearing out this platform and its really shocking that why people do really love on engaging on platforms on which they arent really that popular or known. We know that exchange platforms are really that a common honey sweet spot for hackers. Bare in mind that even Binance had suffered losses or breaches too which we do consider that security might be more tighter and more secure but still things do happen.
How much more into those lower ones?