Crypto exchange CoinEx suffers hacked at least US$43 million

Hong Kong-based cryptocurrency exchange CoinEx Global suffered a security breach on Tuesday, resulting in an estimated loss of $43 million in cryptocurrencies.

See related article: Crypto in the time of cockroaches

Brief information

  • The exchange is still ongoing judge The company was investigating the full extent of crypto assets lost in the exploit, but said on Wednesday morning that it had identified a second set of suspicious wallet addresses linked to the breach and tokens such as Ether, XRP, Solana, Kadena and Dagger have withdrawn.
  • Ahead of CoinEx’s latest update, blockchain security company PeckShield said on X (formerly Twitter) on Wednesday estimated the exchange’s loss at around $43 million. The first set of addresses associated with the hack identified from CoinEx stole Ether, Bitcoin and Tron from the platform.
  • CoinEx said a note announced on Tuesday after the attack on his X account that all user resources were safe and secure. The exchange has suspended deposit and withdrawal services and assured that affected users will receive full compensation for any losses caused by the hack.
  • Hackers stole more than $3.8 billion in cryptocurrencies last year, according to blockchain forensics firm Chainalysis. Of this, North Korean-backed cyber actors stole $1.7 billion.

See related article: Crypto hackers stole a record $3.8 billion in 2022, mostly from DeFi and cross-chain bridges: Chainalysis


TaraSubramaniam is a Dailynationtoday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. TaraSubramaniam joined Dailynationtoday in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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