BNB
by BSCN
September 13, 2023
CoinEx has pledged to fully compensate affected users, offering hope to BabyDoge holders and the broader crypto community.
In the aftermath of the CoinEx hack, BabyDoge holders are confronted with a potential loss ranging from $2 to $3 million as stolen tokens flood PancakeSwap.
CoinEx, a crypto exchange, fell victim to a significant hack on September 12, resulting in an estimated loss of $54 million. In response, the exchange initiated the transfer of its remaining crypto assets from its hot wallet to a secure cold wallet.
Presently, the cold wallet holds approximately $89 million in assets, including $51.7 million in ETH and $18.23 million in USDT.
Recent reports have pointed fingers at the North Korean Lazarus hacker cell as the prime suspect behind the CoinEx exploit. On-chain investigator ZachXBT connected the dots, indicating Lazarus' involvement in the attack.
He also pointed out an accidental wallet connection following an attack on Stake.com, which may have led to Lazarus' identification. ZachXBT disclosed the alleged Lazarus address in a publicly accessible way.
However, CoinEx has pledged to compensate users affected by the breach, which offers a glimmer of hope to BabyDoge holders.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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