CoinEx Confirms $70 Million Hack Due to Compromised Private Keys

Read full article at Coinnounce.

Hackers Gained Access to Hot Wallets, Triggering a $70 Million Theft

CoinEx Confirms $70 Million Hack Due to Compromised Private Keys

Hong Kong-based cryptocurrency exchange CoinEx has revealed that hackers were able to steal over $70 million worth of tokens due to compromised private keys. The exchange is actively working to address the security breach and restore affected users’ assets and platform functionality.

Compensation for Affected Users

Despite the significant theft, CoinEx has stated that the stolen amount represents only a small percentage of its total assets under management. The exchange has committed to compensating affected users in full for their losses.

Ongoing Investigation and Communication with Hackers

CoinEx is still investigating the identity of the individuals responsible for the security breach. Several blockchain security firms have attributed the hack to North Korean “Lazarus Group” hackers. The exchange has also initiated communication channels with the hackers in an attempt to reach a mutually agreeable resolution.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Related articles

Bitcoin Sharks Have Added 52,000 BTC In Past Five Weeks

Read full article at Coingape. Bitcoin addresses holding 0 to 100 bitcoins have increased their holding to nearly […]

Learn More

Bitcoin price briefly clears $31K as monthly, quarterly close nears

Read full article at News. Bitcoin tries to cement higher support as an important day for markets […]

Learn More

[LIVE] Stock Market and Cryptocurrency Trading Q&A #AMC #SHIB #LUNC Friday!

Read full article at ClayBro. Terra Luna Classic LUNC is making new recent highs, AMC Stock and Shiba […]

Learn More