By The Numbers: How Much Crypto Has Been Lost In The CoinEx Hack So Far

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On Tuesday, September 12, centralized crypto change CoinEx grew to become the newest sufferer of a hack. On the time of the stories, over $27 million in crypto had already been carted away by the attackers. Nonetheless, nearly 24 hours later, the stories rolling in recommend that the change could have misplaced double the quantities that had been initially reported.

CoinEx Crypto Losses Rise To $55.5 Million

The preliminary stories for the CoinEx hack confirmed that the attackers had been in a position to transfer round $27.8 million from the change. However as investigators dig additional into the assault, the losses have come as much as round $55.5 million in crypto misplaced thus far.

In accordance with a breakdown posted by Wu Blockchain, a platform run by Chinese language reported Colin Wu, the losses prolonged into lesser-known tokens as properly. Nearly all of the losses had been from property equivalent to Ethereum, Bitcoin, and XRP, with property on the BSC, Polygon, and Kadena blockchain additionally operating into the tens of millions.

The ETH quantity drained alone got here out to over $18 million, as proven within the breakdown, whereas over $11 million was stolen in Tron’s TRX token. Different notable transactions embrace $6 million in XRP, over $6.2 million in BNB, $5.9 million in Bitcoin (BTC), $2.5 million in Solana’s SOL, $1.7 million in Dagger’s XDAG, and $1.12 million in Kadena’s KDA. There was additionally a bit of over $440,000 stolen in Bitcoin Money’s BCH.

Over $55.5 million confirmed stolen thus far | Supply: CoinEx Hacker Steadiness Sheet

On the time of writing, a complete of $55,567,468 has been confirmed stolen from the hacking incident from the change. The crypto stolen from the crypto change was despatched to 19 pockets addresses spanning 12 blockchains.

Hack Continues To Unravel

Within the aftermath of what has been the most important centralized crypto change hack in 2023, CoinEx has promised to compensate all of its affected customers in full. The assertion which got here a few hours after the incident was recognized informed customers:

You will have our solemn promise {that a} detailed timeline and complete report about this incident might be shared with the neighborhood as swiftly as doable.

For now, customers are unable to transact on the crypto change as deposits and withdrawals stay unavailable. Nonetheless, the change stated in its assertion that this was solely a brief measure and that these actions “will resume after a radical assessment.”

Over the day, the change has additionally taken to posting the pockets addresses it has recognized to be linked to the assault. That is being carried out in an effort to boost consciousness about their actions. “We urge affected tasks and fellow business colleagues to help in flagging and freezing these questionable addresses,” CoinEx stated in an X put up.