cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Cryptocurrency

Hackers rob $53mn worth of crypto from CoinEx

IANS by IANS
September 14, 2023

Global cryptocurrency exchange CoinEx has announced that its hot wallets were hacked and large amounts of digital assets stolen, which were used to support the platform’s operations. 

The incident occurred on September 12, and preliminary assessment indicated that the unauthorised transactions involved Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency. 

“On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets. Promptly recognising the gravity of the situation, we immediately established a special investigative team to delve into the matter,” CoinEx Global wrote on X (formerly Twitter). 

“The precise amount of the loss is still being determined, and the affected fund is just a very small portion of CoinEx’s total asset,” it added. 

While CoinEx has not provided any information about the financial impact incurred because the investigation is still ongoing, a more recent estimate on the CoinEx losses from ‘CertiK Alert’ raises the figure to $53 million. 

“The @coinexcom exploit losses have now reached an estimated $53 million taking the total losses for private key compromises this year to $377.7 million,” CertiK Alert posted on X. 

ADVERTISEMENT

Moreover, the cryptocurrency firm said that the affected users will receive full compensation for any loss due to this breach. 
“Affected parties will receive 100 per cent compensation for any loss due to this breach. For added security, deposit & withdrawal services are temporarily suspended and will resume after a thorough review,” CoinEx said. 

However, it’s not confirmed who hacked the CoinEx server and stole from them, but blockchain investigator ZachXBT believes that the North Korean state-backed group ‘Lazarus’ is responsible for this breach. 

“It appears North Korea is also responsible for the $54M @coinexcom hack from yesterday after they accidentally connected their address to the $41M Stake hack on OP & Polygon,” ZachXBT said. 

The threat group was linked to the theft of $35 million from Atomic Wallet in June, $60 million from Alphapo and $37.3 million from CoinsPaid in July. 

IANS

IANS

For any query, [email protected]

Related Posts

cybersecurity
Cyber Security

Cybersecurity & IT in 2025: AI Arms Race, Passwordless Future, and a $1 Billion Security Push

August 13, 2025
Quick Heal Tamil Nadu
Cyber Security

Quick Heal Launches Internet Security Essentials in Tamil Nadu to Enhance Online Safety with AI-Powered Protection

August 7, 2025
Cyber Security

Rubrik and Sophos Join Forces to Enhance Microsoft 365 Protection with New Backup and Recovery Service

August 6, 2025
Palo Alto CyberArk
Cyber Security

Palo Alto Networks to Acquire CyberArk for $25 Billion, Strengthening Identity Security and Cyber Defense

July 31, 2025
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Quantum Computing Cybersecurity
Cyber Security

Why Quantum Computing is a Serious Cybersecurity Threat for Organizations

July 10, 2025
Tech Mahindra Security
Cyber Security

Tech Mahindra Launches Managed Services for Cisco Multicloud Defense to Enhance Cloud Security

June 24, 2025
Load More
ADVERTISEMENT

Latest Updates

Lenovo AI

Lenovo Unveils Groundbreaking AI Innovations at Innovation World 2025

by Arshi Khan
1 day ago

Brett Theiss

Check Point Software Welcomes Brett Theiss as New Chief Marketing Officer to Drive Global Growth

by Deepa Sharma
1 day ago

SailPoint and HCLTech

SailPoint and HCLTech Unite to Transform Identity Security for AI-Driven Enterprises

by News Desk
1 day ago

IBM Campaign AI

IBM Launches New Campaign to Accelerate AI in Business

by Deepa Sharma
2 days ago

Tata Power EZ Home

Tata Power Launches EZ Home Automation Solutions in Siliguri

by News Desk
2 days ago

Fujitsu with 1Finity and Arrcus

Fujitsu Partners with 1Finity and Arrcus to Enhance Network Solutions for AI and Data Transfer

by Deepa Sharma
3 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

co*****@******ce.com
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved