Cryptocurrency exchange CoinEx said that the loss due to the cyber attack increased to 70 million dollars and that they plan to start withdrawals next week.
CoinEx on September 12 Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Polygon (MATIC) and other some Their wallets on the networks were cyber-attacked. from the stock market worth $54 million asset is stolen It was claimed that the attack was carried out by a North Korean cyber attack group. It was made by Lazarus Various evidence has been put forward.
In the latest information shared by the CoinEx team with Koin Bulletin, the assets lost as a result of the attack is still being calculated he stated. Your current loss for 70 million dollars The team said that the amount stolen was quite high in terms of total assets. a small value He said he represented. CoinEx is responsible for any liability arising from this incident. User losses will be compensated 100% He promised about it.
When will withdrawals be opened?
However, CoinEx explained why it stopped withdrawal transactions not only in the attacked network but also in all networks as a precaution:
Through our preliminary investigation, we determined that the root cause of this incident was a compromised private key to our hot wallets, which we use to temporarily store the exchange’s assets to facilitate deposits and withdrawals.
Stock exchange withdrawal transactions They plan to reopen next week. told.
Reasons for suspending withdrawals on all networks best protect user assets and avoid further uncertainty regarding user funds CoinEx stated that they have currently resolved the vulnerabilities in the system and transferred the remaining assets safely.
CoinEX also stated the following:
Our team is currently focused on building and deploying an entirely new, robust wallet system to manage activity across 211 chains and 737 assets.
Stating that they are working to completely fix the incident in question, CoinEx stated that they have created a new wallet system to open withdrawal transactions safely. CoinEx, which expects the new wallet system to be finalized next week, stated that its transactions will be opened gradually after strict security checks.
Who is the attacker?
CoinEx said they are still investigating the identity of the attacker. The stock exchange has noted some claims regarding his possible identity, but for now Their primary goal is to reactivate their operations said that. The exchange did not comment on blockchain researcher ZachXBT’s claims about North Korean cyberattack group Lazarus.
CoinEx also aims to find common ground with attackers. Keeps communication channels open expressed. This has been a strategy followed by many crypto companies that have been exploited by cyber attackers in the past.