Numerous reports have surfaced, pointing to a potential security breach in Coinex’s hot wallets, suggesting a hacker’s involvement. Peckshield, a blockchain security and data analytics firm, observed a concerning pattern – an unusual outflow of substantial assets originating from addresses affiliated with Coinex. These reports claim that a sum of nearly $28 million vanished from these accounts.
Coinex Faces Potential $28 Million Hack as Onchain Reports Point to Hot Wallet Breach; Full Details Still Unknown
Several reports have surfaced, painting a troubling picture of a potential hot wallet hack at Coinex. On Tuesday, September 12, 2023, alarming news broke that the exchange might have fallen victim to a security breach involving ETH, MATIC, TRX, and several other crypto assets resulting in a staggering loss of an estimated $27.8 million.
Adding to the intrigue, blockchain security and data analytics firm Peckshield had issued a foreboding warning to Coinex on that very Tuesday:
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