Fun

News Feed - 2023-09-13 01:09:34

Tom Blackstone7 hours agoCoinEx exchange drained of $27M worth of crypto in suspected hackA CoinEx hot wallet transferred $27 million of various tokens to a wallet with no previous history in what the exchange’s team has referred to as “anomalous withdrawals."3837 Total views21 Total sharesListen to article 0:00Breaking newsJoin us on social networksOn Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million.Red CodeOur AI-powered model detected suspicious transactions related to @coinexcom 2 hours ago

The potentially stolen funds amount to $18.12M #Eth $8.5M #Tron and $291K in #Polygon

Possible causes: access control violations, private key leakage, rug pulling, insider job https://t.co/Wzw84azM9M pic.twitter.com/2bqHmE18Sr— Cyvers Alerts (@CyversAlerts) September 12, 2023


At approximately 1:21 pm UTC, a known CoinEx hot wallet transferred around 4,947 Ether (ETH), worth $7.9 million at the time, to an Ethereum account. The receiving account had no prior history before this transaction.


Immediately after this transaction, the CoinEx hot wallet began transferring large amounts of tokens to the same address. Approximately 408,741 Dai (DAI) stablecoin, 2.7 million Graph (GRT) tokens, 29,158 Uniswap (UNI) tokens and many other tokens were transferred from the wallet.


Blockchain security firm PeckShield reported the outflow as “suspicious.” CryptoQuant head of research Julio Moreno also claimed that the behavior of the CoinEx wallet was “strange," as Ether reserves “are now basically zero ETH."


At 5:25 pm UTC, CoinEx confirmed on Twitter that the platform had experienced suspicious withdrawals. “[O]ur Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets," the exchange said, adding that a “special investigative team” had been appointed to determine what happened. 


The team also claimed that the withdrawn crypto is a small part of the exchange’s total reserves and that users “will receive 100% compensation for any loss due to this breach."Urgent Notice: Security Incident on CoinEx - Immediate Actions Underway

On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx"s exchange assets. Promptly recognizing the gravity of the situation, we…— CoinEx Global (@coinexcom) September 12, 2023


Update (5:38 p.m. UTC on September 12, 2023): This article has been updated to include a social media post from the CoinEx team acknowledging the suspicious withdrawals.# Blockchain# Ethereum# Hackers# Cryptocurrency Exchange# Cybersecurity# Hacks# DeFiAdd reactionAdd reactionRead moreHow to send and receive payments on the Lightning NetworkSaudi Arabia looks to blockchain gaming and Web3 to diversify economyHuman vs. AI: Who is better at crypto investing?

News Feed

Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025
Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025 Despite Bitcoin’s difficulty reaching an all-time high at 46.84 tr
Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting
Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self CorrectingThe latest data from Santiment shows that the collective market capitalization of all defi-related asset
Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
2 key Bitcoin metrics signal steady bull cycle — ‘No bubble’ in sight
Ciaran Lyons5 hours ago2 key Bitcoin metrics signal steady bull cycle — ‘No bubble’ in sightThe metrics suggest that Bitcoin is unlikely to be overvalued at current levels, and its price action is developing “ste
Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’
Nigerian Court Paves Way for CBDC Rollout, Suggests "Plaintiff May Be Adequately Compensated" The Nigerian High Court that is presiding over the e-naira trademark infringement case
Gareth Jenkinson10 hours agoBitcoin lender Ledn to roll out ETH, USDT interest accountsSpurred on by user requests, Bitcoin lending firm Ledn is rolling out an Ethereum yield product.2161 Total views17 Total sharesListen
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US A Russian national accused of processing cryptocurrency payments from ransomware attacks has plead
Nivesh Rustgi3 hours agoBitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevantA popular Bitcoin price model returns to center stage as BTC’s next halving approaches.2003 Total
Zhiyuan Sun5 hours agoSu Zhu’s $36M mansion transformed into eco-farm post-3AC collapse: ReportThe 3AC co-founder purchased the Singaporean bungalow in March 2022, shortly before the hedge fund collapsed.893 Total view
Martin Young4 hours agoBitcoin on $3K discount at Binance.US, but there’s a catchBitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices.5060 Total views1 Total sharesLi
Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom
Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows t
SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations
SEC Chair Gary Gensler Says Crypto Will "Not End Well" if It Stays Outside Regulations The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cr