CoinEx Restores Deposit and Withdrawal Services for 346 Cryptocurrencies Following Security Breach

Crypto News– The recent statement, posted on X, illuminates the hurdles encountered by CoinEx’s team in establishing validation points and achieving synchronization across diverse public blockchain networks.

CoinEx Restores Deposit and Withdrawal Services for 346 Cryptocurrencies Following Security Breach

The intricate process of configuring these validation points across a multitude of public blockchains necessitates a significant amount of time for the complete restoration of deposit and withdrawal services. Users are strongly encouraged to stay informed about these developments by referring to CoinEx’s official Fees Standard page and by following their social media channels.

CoinEx Reassesses Security Measures in Response to North Korean-Linked Cyberattack

It is paramount to emphasize that only the cryptocurrencies explicitly mentioned in the recent announcement and the Fees Standard page are currently available for deposit and withdrawal. Any claims suggesting otherwise are invalid and may be linked to potential scams.

This decision follows a substantial setback for CoinEx, which recently suffered a major security breach resulting in the loss of over $70 million in digital assets. The attack has been attributed to the Lazarus Group, a North Korean hacking organization renowned for a series of cyberattacks aimed at siphoning off digital assets.

In the present year alone, North Korean hackers have reportedly pilfered more than $200 million worth of cryptocurrency, underscoring the persistent threat posed by such groups within the cryptocurrency landscape.

CoinEx’s resumption of services represents a positive stride forward, underscoring its unwavering commitment to tackling security challenges and ultimately restoring user access to a diverse array of cryptocurrencies.