ETH
by BSCN
September 12, 2023
Cryptocurrency exchange, CoinEx, may be the latest high-profile victim of malicious on-chain activity, with various Twitter accounts pointing to more than $27 million in suspicious token outflows.
Alarm bells are ringing with 2017-founded cryptocurrency exchange, CoinEx, reported to be experiencing suspicious outflows from its hot wallets to the tune of more than $27 million.
According to Wu Blockchain, the exchange has so far lost $27.8 million across specific chains, Ethereum (ETH), Tron (TRX), and Polygon (MATIC).
Further comments from Wu Blockchain claim that CoinEx is in the process of moving assets from the exposed hot wallets to a cold storage address.
Various cybersecurity accounts on X (Twitter) are pointing to a certain Etherscan page as evidence of the reported outflows.
At time of writing, CoinEx has seen nearly $30 million in 24-hour trading volume, according to CoinMarketCap.
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].
Latest News
1h : 9m ago
Uniswap Approves $165.5M Growth Plan – How it Matters
2h : 54m ago
US SEC Drops Ripple Lawsuit: What it Means
March 19, 2025
FLOKI Token Review: The Self-Sustaining Crypto Ecosystem
March 19, 2025
Ice Network Update: Exchange Listings & Partnerships
March 19, 2025
BNB Chain's Dramatic Surge in 2025: Bigger than Ethereum
March 19, 2025
Is Crypto Security Crumbling? How the Industry Can Fight Back
March 19, 2025
Binance's 12th Hodler Airdrop Project: What Is BubbleMaps (BMT)?
March 19, 2025
Raydium to Launch Memecoin Rival to Challenge Pump.fun