Hackers steal $53 million price of cryptocurrency from CoinEx


Hackers steal $53 million worth of cryptocurrency from CoinEx

World cryptocurrency trade CoinEX introduced that somebody hacked its sizzling wallets and stole massive quantities of digital belongings that have been used to help the platform’s operations.

The incident occurred on September 12 and preliminary outcomes of the investigation present that the unauthorized transactions concerned Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency.


CoinEx has not offered any data concerning the monetary affect incurred, because the investigation has but to find out the entire losses.

Nonetheless, a report from blockchain safety agency PeckShield says that the assault drained CoinEx of about $19 million in $ETH, $11 million in $TRON, $6.4 million in Sensible Chain Coin ($BSC), $6 million in Bitcoin  (BTC), and roughly $295,000 in (MATIC).

In response to PeckShield, the loss from this assault quantities to about $43 million, whereas the remaining $72 million saved on the identical stash has been transferred to better-protected chilly wallets.

Tracked CoinEx losses
Tracked CoinEx losses (PeckShield)

A more moderen estimation on the CoinEx losses coming from CertiK Alert raises the determine to $53 million, analyzed as seen in this doc.

Person belongings haven’t been impacted by the incident, CoinEx mentioned, and assuring that any events struggling loss will obtain full compensation.

On the time of writing, all deposit and withdrawal providers on CoinEx have been suspended to guard person belongings and can solely resume after the trade’s IT crew makes positive that each one danger has been eradicated.

There aren’t many public particulars about what occurred however CoinEx promised to launch a complete report with an in depth timeline as quickly because the investigations and the incident response procedures are concluded.

At the moment, the corporate is monitoring the pockets addresses linked to the hack and collaborates with different exchanges to make it more durable for the attackers to maneuver the stolen funds or to money out.

One other Lazarus heist?

The frequency of multi-million-dollar crypto heists has elevated, with the North Korean state-backed group ‘Lazarus’ being blamed for lots of the current high-profile incidents.

Within the case of CoinEx, no official attribution has been made however blockchain investigator ZachXBT says that one of many pockets addresses concerned within the hack was beforehand related to Lazarus.


The menace group was linked to the theft of $35 million from Atomic Pockets in June, $60 million from Alphapo in July, and one other $37.3 million from CoinsPaid, additionally in July.

At the moment, the FBI additionally warned of the North Korean hacking group readying to money $41 million price of stolen cryptocurrency, because the regulation enforcement company noticed alerts pointing to cash laundering and exercise in preparation of shifting funds.

At first of this month, the crypto on line casino platform ‘Stake.com’ introduced that its ETH/BSC sizzling wallets had been compromised, resulting in the lack of $41 million price of crypto.

Two days after the assault, the FBI recognized the Lazarus group because the cyber actors accountable for stealing the $41 million from Stake.com, confirming the suspicions.