13.09.2023
CoinEx: Client assets are safe
13.09.2023
Glory Faleke
Contributor

​Cryptocurrency exchange CoinEx has announced that all of its clients' assets are safe and secure after reporting a hack on Tuesday.

"We assure all users: your assets are secured and untouched," the exchange said in a note.

On September 12, the CoinEx exchange posted on its X (Twitter) page that unauthorized transactions involving ETH, TRON, and MATIC were registered on the hot wallets where it stores its assets.

In connection with this incident, the cryptocurrency exchange immediately launched an investigation into the matter and temporarily suspended the deposit and withdrawal of all funds.

According to information published in various media, the amount of damage amounted to $27.8 million, but CoinEx did not confirm or deny these figures, saying that "the exact amount of losses is still being determined".

It is worth noting that information about the breach led to anxiety in the cryptocurrency market, with many investors and traders expressing concern about the security of their digital assets on various exchanges. Recently, hackers have been attacking cryptocurrency companies with increasing frequency, forcing them to tighten their security measures and take innovative steps to protect client funds.

See also: Coinbase Cloud and Kiln introduced new ETH staking options.