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Was COINEX hacked?

Cryptocurrency exchange CoinEx attributes a $70 million hack to compromised hot wallet private keys as it rebuilds its wallet system to restore services.

Will COINEX refund users after a $70 million hack?

Cointelegraph has reached out to CoinEx to ascertain if it will refund users if assets were affected or are affected in the future by the event. Cryptocurrency exchange CoinEx will gradually resume deposits and withdrawals of select cryptocurrencies following a $70 million hack.

What's wrong with COINEX?

Promo Protect all your devices, without slowing them down. CoinEX, a major global cryptocurrency exchange, recently disclosed that their hot wallets were compromised, leading to the theft of digital assets that supported the platform's operations.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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