CoinEx Deposit Withdrawal Resumed For 346 Cryptocurrencies After The Hack

CoinEx Deposit Withdrawal Resumed For 346 Cryptocurrencies

The announcement, made on X (formerly Twitter), sheds light on the challenges faced by their team in building validation points and synchronizing across various public chains.

The complexity of configuring these validation points on diverse public chains necessitates time to fully reinstate deposit and withdrawal services. Users are encouraged to stay updated on these developments through CoinEx’s official Fees Standard page and their social media channels.

It’s crucial to note that only the cryptocurrencies specified in the recent announcement and the Fees Standard page are available for deposit and withdrawal. Any claims suggesting otherwise are false and potentially scam-related.

North Korean-Linked Hack Prompts CoinEx to Reevaluate Security

This decision follows a significant setback for CoinEx, as the exchange fell victim to a major hack resulting in the loss of over $70 million in digital assets. The attack has been linked to North Korea’s Lazarus Group, known for a series of cyberattacks aimed at siphoning off digital assets.

In the current year alone, it is estimated that North Korean hackers have stolen more than $200 million worth of cryptocurrency, highlighting the persistent threat posed by such groups in the cryptocurrency landscape.

CoinEx’s reactivation of services is a positive step forward, demonstrating its commitment to addressing security challenges and providing users with access to a wide range of cryptocurrencies once again.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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