WEB3
by BSCN
September 20, 2023
Emphasizing enhanced security measures, the exchange has warned users not to use old deposit addresses as they will no longer work.
Following a massive security breach that resulted in staggering losses to the tune of $54 million, crypto exchange CoinEx has announced that it will resume deposit and withdrawal services for major cryptocurrencies, including BTC, ETH, USDT, and USDC, starting on September 21, 2023.
The incident was allegedly orchestrated by the North Korean Lazarus group, known for its audacious cyberattacks.
Underscoring the exchange's commitment to enhanced security measures, CoinEx, in an official statement, urged users not to use any old deposit addresses, emphasizing that the old addresses will no longer function and assets sent to them will be irretrievably lost.
In the wake of this breach, CoinEx, having implemented 100% reserves in 2017, is set to further fortify its security infrastructure and risk systems.
Despite the setback, CoinEx has thanked its users for their unwavering support and trust and remains dedicated to delivering improved products and experiences. The crypto world will be closely watching as the exchange works diligently to restore its reputation and security.
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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