The last one was Staked.com. Although Stake is not an exchange but a gambling site, but it is still centralized and holding customers fund on hot wallet which makes them vulnerable to the hack. Centralized exchanges that have been hacked before are because of the hot wallet that they are using.

Not good to hold coins on exchanges. If $18 million worth of coins  is stolen from the exchange, it is not going to be easy.

Edit: I do not know how true this is, that more coins are stolen. That $27.8 million in ether, tron and polygon has been stolen.

The news has not been confirmed yet. I have been working on Coinex for years, but I do not trade on a daily basis. When I heard the news, I logged into my account and there did not seem to be anything strange, not even an announcement about hacking.

I also went to the official Twitter account of Coinex. There is no news about hacking either, the exchange website is working normally so far and nothing strange.

We have to wait for an official confirmation or denial from Coinex.

Yeah I woulnd't be surprised if number is bigger than initially reported $18 million, like it was on Stake case as well.  I can see those Lazarus Group guys from North Korea being accused of this hack as well.  


Hah, that's almost as good as official confirmation that they have been hacked as they woulnd't suspend deposits and withdrawals if it was business as usual.

The exchange just issued an official statement about the matter[1]. According to them this is just a small "amount" of what their reserves have, and affected users will be compensated. Am I the only one who finds this a bit hard to believe? I mean looking at their trading volume and their "reported reserves"?[2]

[1] https://twitter.com/coinexcom/status/1701645839901548874
[2] https://coinmarketcap.com/exchanges/coinex/

There is no more trust in centralized exchanges, irrespective of their reputation in the world; even Binance can’t be trusted anymore with all these careless or fake hack news stories just to go with people’s funds.

The first tweet reference was deleted, which means that they might not compensate anyone as they promised.

With their trading volume it means they have so many people that fall victim of these hack, that is why it is always advisable to keep our coin in our personal wallets. ”Not your keys, Not your coins “

Some people still leave their coins on exchanges like Binance, KuCoin, or even exchanges that do not require KYC because they believe those exchanges have a reputation and will be around forever, not realizing that those exchanges also encourage hackers to hack, just like others they believe do not have a reputation.

With all of the headlines regarding CEX hacks, why are some users still keeping their coins in their possession? That is the question I am always asking. I understand that CEX has the most advanced trading features, however they cannot be trusted with our funds.


I saw the tweet now, and I am impressed with the way they address the issue, and they assured people that their funds are safe and not tempered with. I hope they keep to their words because centralized exchanges now are not to be trusted.

Let's see if they will reactivate the withdrawals any time soon to make their claims true and not just start giving more doubts to their users. It also allows anyone to make sure the amount of large reserves they have. Another drama is about to start.

It is larger than $ETH, $TRON, and $MATIC. There is this transaction https://explorer.chainweb.com/mainnet/tx/GI4z8v-qMPb8a594CMdARfJ-83SzDTXUNYEpIv3mVqQ

2,214,700.00 $KDA ($1,127,371 USD) From CoinEx to unknown wallet

all the assets that were hacked are linked to smart contracts, and no loss of Bitcoin (BTC) was reported. I read some reports that talk about 27 million, and if this is true, I doubt their ability to compensate users 100% without resorting to spiraling loans that may lead to bankruptcy.

Hm are you sure? In one of their tweets Coinex mentioned this BTC address ( 1BHNb9UJy4cWFB5wywZkTVgoNB4JbFmswH) as part of the hack and there's currenly 231 BTC there worth almost 6 million dollars.
https://twitter.com/coinexcom/status/1701662057496731975


27 million is the old number, latest one is 54 million and that's probably not all. Hard times for Coinex, I have no idea how will they sort this out and survive considering their volume, size of their "reserve" and the amount of money stolen.

I see the amount but nothing else other than that. Was there more info yesterday, like how much of each assets they have etc? Somehow I can't remmember whether it was there last night when I checked their CMC profile.




Yep, if they really changed something here then it probably means that situation is far more serious than they want their users to believe.

edit: I found archived snapshot from June 20th (the latest one) and there you could see the details. What's interesting though is that just a few months ago they allegedly had $182 million in their reserve and now it fell down to barely over $20 million.

https://web.archive.org/web/20230620035753/https://coinmarketcap.com/exchanges/coinex/