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

On Tuesday, September 12, centralized crypto change CoinEx turned the most recent sufferer of a hack. On the time of the reviews, over $27 million in crypto had already been carted away by the attackers. Nonetheless, nearly 24 hours later, the reviews rolling in counsel that the change could have misplaced double the quantities that have been initially reported.

CoinEx Crypto Losses Rise To $55.5 Million

The preliminary reviews for the CoinEx hack confirmed that the attackers have been capable of 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 to date.

In line with a breakdown posted by Wu Blockchain, a platform run by Chinese language reported Colin Wu, the losses prolonged into lesser-known tokens as nicely. The vast majority of the losses have been from belongings reminiscent of Ethereum, Bitcoin, and XRP, with belongings on the BSC, Polygon, and Kadena blockchain additionally working into the hundreds of thousands.

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 embody $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 over $440,000 stolen in Bitcoin Money’s BCH.

Over $55.5 million confirmed stolen to date | 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 biggest 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 advised customers:

You could have our solemn promise {that a} detailed timeline and complete report about this incident will likely be shared with the group as swiftly as attainable.

For now, customers are unable to transact on the crypto change as deposits and withdrawals stay unavailable. Nonetheless, the change mentioned in its assertion that this was solely a short lived measure and that these actions “will resume after an intensive 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 completed in an effort to lift consciousness about their actions. “We urge affected tasks and fellow trade colleagues to help in flagging and freezing these questionable addresses,” CoinEx mentioned in an X put up.