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CoinEx Confirms $70 Million Hack Due to Compromised Private Keys

CoinEx confirms a $70 million hack resulting from compromised private keys. The exchange is actively investigating the incident, working to compensate affected users, and communicating with the hackers for a possible resolution.

Hackers Gained Access to Hot Wallets, Triggering a $70 Million Theft

Hong Kong-based cryptocurrency exchange CoinEx has revealed that hackers were able to steal over $70 million worth of tokens due to compromised private keys. The exchange is actively working to address the security breach and restore affected users' assets and platform functionality.

Compensation for Affected Users

Despite the significant theft, CoinEx has stated that the stolen amount represents only a small percentage of its total assets under management. The exchange has committed to compensating affected users in full for their losses.

Ongoing Investigation and Communication with Hackers

CoinEx is still investigating the identity of the individuals responsible for the security breach. Several blockchain security firms have attributed the hack to North Korean "Lazarus Group" hackers. The exchange has also initiated communication channels with the hackers in an attempt to reach a mutually agreeable resolution.