CoinEx hot wallets drained of $27.8m worth of crypto in ‘security incident’
CoinEx, the Hong Kong-based cryptocurrency exchange, has become the subject of what it called a ‘security incident,’ with multiple suspicious transactions stemming from the platform’s Ethereum hot wallet. According to Cyvers Alerts, a hot wallet linked to the exchange continues to be drained of its contents. More than 27.8 million in losses Prior to the official statement from the exchange, alerts from different sources have been turned to this hot wallet. Etherscan data does show that the CoinEx hot wallet transferred 4,947 Ether ($7.9 million) to an account that had no prior history. Other affected wallets included TRON and Polygon (MATIC), with estimated combined losses of $27.8 million. ALERTHey @coinexcom, Our AI powered system has detected multiple suspicious transactions with your #Ethereum hot wallet. It is being draining right now. You should stop all the withdraws and deposits right now@tayvano_ @zachxbt More info will come Stay Vigilant! pic.twitt...