CoinEX to resume service with new wallet system following $70M hack

Cryptocurrency speech CoinEx is acceptable to resume deposit and withdrawals for its users much than a week aft it suffered a $70 cardinal hack owed to compromised blistery wallet backstage keys.

In erstwhile correspondence with Cointelegraph, the speech outlined its precedence to physique and deploy a caller wallet strategy to facilitate activities for the 211 blockchains and 737 tokens that it served earlier the hacking incident.

The latest statement from the speech announces the resumption of deposit and withdrawal services of BTC, ETH, USDT, USDC and different tokens from Sept. 21.

CoinEx volition resume deposits and withdrawals with 11 cryptocurrencies.

CoinEx volition update deposit addresses for the listed tokens and volition make caller deposit addresses for its users.

CoinEx customers were advised not to deposit into aged addresses connected the platform, arsenic this would effect successful assets being permanently lost. The speech besides warned of a perchance ample fig of pending withdrawals astatine the resumption of its operations:

“We guarantee the caller wallet strategy is stable, and we volition gradually resume deposit and withdrawal services for much assets.”

The speech maintains that it has implemented a 100% plus reserve argumentation to safeguard users against imaginable information threats. Previous updates pursuing the hacking incidental besides stated that users assets were not affected and that CoinEx's User Asset Security Foundation would screen immoderate fiscal losses.

Cointelegraph has reached retired to CoinEx to ascertain if it volition refund users successful the lawsuit that assets were affected oregon are affected successful the aboriginal by the event.