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Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens, while the team looks to open lines of communication to claw back funds.CoinEx representatives unpacked the finer details of their continuing investigation to Cointelegraph as the team works to build
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This week, CoinEX and investor Mark Cuban were counting losses as hacks persisted. Despite these setbacks, Deutsche Bank, PayPal, and Franklin stepped into the crypto limelight. A slew of hacks Much like the previous weeks, crypto-related hacks dominated the scene this week. Vitalik Buterin, co-founder of Ethereum, faced a cybersecurity breach on
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CoinEx moved to open talk with the hackers who stole $54 million from the crypto exchange, offering a reward if the stolen assets are returned. Crypto exchange CoinEx told the attackers behind a Sept. 12 hack to reach out and discuss a possible resolution. In an open letter published on X, formerly
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One of the pools drained in the attack contained ether (ETH) and alETH, an ether derivative issued by Alchemix, a DeFi lending platform. Before the attack, the pool held 7,259 ETH and 4,822 alETH, Alchemix said. Then, the exploiter drained the majority of the tokens, leaving only 1 ETH and
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Lazarus Group, the hacker group believed to be sponsored by the North Korean government, is allegedly responsible for attacking CoinEx, a crypto exchange, according to blockchain security experts SlowMist and on-chain sleuth ZachXBT. Wallets involved in draining funds from CoinEx on Sep. 12 also participated in stealing $41 million from Stake.com,
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On Tuesday, September 12, centralized crypto exchange CoinEx became the latest victim of a hack. At the time of the reports, over
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The attack on crypto exchange CoinEx which drained at least $55 million was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hacker group was identified after they mistakenly connected their address to the recent Stake and Optimism hacks. It
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The hackers siphoned ether (ETH), XRP, tron's TRX, MATIC, solana's SOL, kadena's KDA and dagger's XDAG tokens after exploiting a lax security measure on wallets used by the exchange. CoinEx has since released over 10 “suspicious” addresses on several networks, such as Ethereum, BNB Chain, and Arbitrum, where the tokens
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In response to the security breach, another Ethereum developer, Tim Beiko, strongly recommended users remove their phone numbers from X accounts and enable 2FA as a security measure. Ethereum co-founder Vitalik Buterin has recently shed light on the cause behind the security breach of his X (Twitter) account. In a shocking
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This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit. FTX moving to settle creditor debt As part of a calculated aim to tackle its sizable debt exceeding $8 billion, FTX started streamlining its digital asset portfolio this week. Their approach entails
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