CoinEx Resumes Deposits, Withdrawals After Suffering $70M Hack From Lazarus Group
Portfolio Pulse from Khyathi Dalal
CoinEx has resumed its deposits and withdrawals service after a $27 million hack earlier this month, which was later updated to nearly $70 million. The company is also updating deposit addresses for several assets, including Bitcoin, Ethereum, Litecoin, Bitcoin cash, Dogecoin, Shiba Inu, and Binance coin. CoinEx's User Asset Security Foundation has ensured to repay any monetary damages caused by the hacking event.
September 21, 2023 | 4:34 pm
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NEUTRAL IMPACT
Bitcoin Cash's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Bitcoin Cash's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Binance Coin's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Binance Coin's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Dogecoin's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Dogecoin's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Ethereum's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Ethereum's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Litecoin's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Litecoin's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu's deposit address on CoinEx is being updated. Users are advised not to use old addresses.
The hack on CoinEx and subsequent update of deposit addresses may cause temporary confusion among users, but it is unlikely to have a significant impact on Shiba Inu's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50