CoinEx, recently hacked for $70 Million US due to compromised hot wallet private keys, is preparing to restore user deposit and withdrawal services. Intensive efforts over a week have made this possible, targeting the security breach reportedly executed by North Korea’s notorious Lazarus Group.
According to reports, CoinEx is currently prioritizing the creation and implementation of a completely new wallet system. This new system will support 211 blockchains and their 737 cryptos before the hack incident occurred.
In a recent statement, CoinEx announced the resumption of deposit and withdrawal services for popular cryptos such as BTC, ETH, USDT, USDC, and others, starting September 21. CoinEx is taking this step very carefully and responsibly.
CoinEx will continue this service for a total of 11 of their cryptocurrencies. To improve security, they will also update the deposit address for their crypto. Through X they conveyed to users to pay attention not to mistakenly deposit funds to the old address on CoinEx, because it can cause permanent loss of assets.
CoinEx has also consistently assured its users that it has implemented a 100% backup asset policy aimed at protecting users from potential security threats. Info obtained after the hack incident shows that user assets were not affected and CoinEx’s User Asset Security Foundation is ready to cover any financial losses that may arise.
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