Hackers Steal $53 Million Worth Of Cryptocurrency From CoinEx

Sep 14: Global cryptocurrency exchange CoinEx announced that hackers stole large amounts of digital assets from its hot wallets on September 12, 2023. The stolen cryptocurrency is worth an estimated $53 million.

CoinEx said that the hackers exploited a vulnerability in its hot wallet system to gain unauthorized access to the wallets. The hot wallets are used to store cryptocurrency that is being actively traded on the exchange.

Urgent Notice: Security Incident on CoinEx - Immediate Actions Underway

On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx's exchange assets. Promptly recognizing the gravity of the situation, we…

— CoinEx Global (@coinexcom) September 12, 2023

The stolen cryptocurrency includes Ethereum, Tron, and Polygon. CoinEx said that it is working with law enforcement to investigate the attack and that it will compensate users for any losses.

The frequency of these attacks has raised concerns about the security of cryptocurrency exchanges. Exchanges are often targeted by hackers because they hold large amounts of cryptocurrency.

[Originally published on: Hackers Steal $53 Million Worth Of Cryptocurrency From CoinEx (abijita.com)]