The CoinEX exchange was hacked with losses of more than $27 million. The attack transactions were made on the Ethereum, Tron and Polygon networks. The attacker moved the funds to various DEXs, such as Uniswap.
On-chain analysis of one of the exchange addresses showed an output of 4,500 ethers (ETH), equivalent to approximately $7.9 million. The balance available at the time of writing this note is 6,087 ETH.
Other CoinEX wallets accumulate funds for US$89 million, mainly in ETH and the Tether (USDT) stablecoin. The exchange is in the process of moving its funds to other wallets considered safe. Meanwhile, CoinEX wallets for depositing bitcoin (BTC) are disabled.
CoinEx made a public statement after the events and said that both deposits and withdrawals are disabled and confirmed that the currencies involved in the theft are ETH, TRX and MATIC: “The exact amount of the loss is still being determined.”
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