Crypto Exchange CoinEx Hacked - Learn How to Invest in Web 3.0 Tokens
CoinEx exchange suspected of being hacked as $27M worth of crypto moved

CoinEx Abnormally Large Outflows Detected

On Sept. 12, the blockchain security platform Cyvers Alerts noticed abnormally large outflows from crypto exchange CoinEx, estimated to be worth around $27 million. At approximately 1:21 p.m. UTC, a known CoinEx hot wallet transferred 4,947 Ether (ETH) to Ethereum account 0x8bf8cd7F001D0584F98F53a3d82eD0bA498cC3dE, which had no prior history before this transaction.

The CoinEx hot wallet then began transferring large amounts of tokens to the same address, including 408,741 DAI stablecoin, 2.7 million Graph (GRT) tokens, 29,158 Uniswap (UNI) tokens, and many other web 3.0 tokens. PeckShield reported the outflow as “suspicious” and cryptoQuant head of research Julio Moreno noted that the exchange’s Ether reserves were now “basically zero ETH”.

At the time of publication, Coinx has not released any information regarding their involvement with web 3.0 tokens, blockchain web 3.0, or crypto web 3.0. Moreover, there is no public statement about the incident regarding the history of web 1.0, 2.0, and 3.0, or how to buy and invest in web 3.0 tokens, as well as leading web 3.0 companies.

Categorized in:

Tagged in: