CoinEx Makes a Comeback
After suffering the staggering blow of a $70 million hack, cryptocurrency exchange CoinEx is back in business! Well, kind of. They announced they will resume deposits and withdrawals for popular cryptocurrencies starting from September 21. So, it looks like they took their “Robbing Hood’’ approach a bit too literally.
New Wallet, Who Dis?
The exchange has prioritized building a brand-new wallet system to cater to the 211 blockchains and 737 tokens they previously managed. Talk about a tech overhaul! They’ll be updating deposit addresses for listed tokens and kindly ask users not to attempt to deposit into old addresses – let’s not make this incident a “two-for-one special” on lost assets, shall we?
What’s On the Menu?
CoinEx is reopening transactions for a handful of well-known cryptocurrencies including:
- Bitcoin (BTC)
- Ether (ETH)
- Tether (USDT)
- USD Coin (USDC)
- And a few others!
While the excitement to start depositing might be brewing, users should beware of a backlog of pending withdrawals—think of it as cryptocurrency rush hour!
The Great Heist: What Went Down
If you’re curious about how this multi-million dollar oopsie happened, it all comes down to compromised hot wallet private keys. The hackers made off with 231 BTC, 4,953 ETH, and a treasure trove of other tokens, all linked to the infamous North Korean
