This Crypto Exchange Reportedly Suffered a $13 Million Hack

According to insights from a blockchain security firm, the hackers have stolen around $13 million from crypto exchange CoinW.

While there were massive security incidents last month, bad actors continued to drain user funds in October.

Cyvers Detect Suspicious Transactions as CoinW Exchange Loses $13M

The blockchain security firm Cyvers told BeInCrypto:

Our cutting-edge AI system has flagged multiple suspicious transactions totaling $13M on the @CoinWOfficial exchange on BTC, ETH, and BNB chains.

Whether the threat originates from external forces, suggesting a system breach or internal authorized movement remains uncertain.

This is a developing story

Source