coinex

According to The Wall Street Journal, blockchain public chain data analysis shows that Iranian entities have completed over $3.84 billion in transactions through the cryptocurrency exchange CoinEx to evade U.S. economic sanctions.Investigators have traced funds associated with two digital wallets controlled by the Central Bank of Iran, which are linked to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through a complex multi-layer transaction path, the related funds ultimately entered CoinEx, making it one of the core channels for Iran to bypass the sanctions system using cryptocurrency.

Web3 asset data platform RootData published a daily transparency alert on Twitter (X), noting the absence of information such as teams, key calendar events, and token data for exchanges like Flipster, CoinEx, Reku, Bitvavo, and TruBit Latam. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects lacking core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of a project, aiming to reflect the project's information disclosure status. The transparency score is categorized into five levels from A to F, with lower scores indicating less complete information disclosure and higher risks of misconduct, requiring investors to exercise heightened caution.

ChainCatcher news, according to official Twitter messages, the globally renowned cryptocurrency exchange CoinEx has officially become a WINkLink ecosystem partner. The two parties will engage in deep collaboration around oracle services and the exchange ecosystem, jointly promoting the inclusive implementation and innovative application of blockchain technology. This cooperation not only strengthens WINkLink's advantages in the decentralized data service field but also injects more real-world application scenarios into the TRON ecosystem, accelerating the large-scale popularization of blockchain technology worldwide. In the future, both parties will continue to explore cross-ecosystem value interconnection, bringing safer, more efficient, and practical solutions to the industry.

ChainCatcher news, cryptocurrency exchange CoinEx has announced that it has obtained a Virtual Asset Service Provider (VASP) license in Poland to prepare for the implementation of the EU MiCA regulations later this year. With the VASP license in Poland, CoinEx can enter other member states through the EU passport.

ChainCatcher news, cryptocurrency exchange CoinEx announced the launch of MUSIC and opened the MUSIC/USDT trading pair for trading. The deposit and withdrawal channels have been opened.

ChainCatcher news, the founder of the cryptocurrency exchange CoinEx, Yang Haipo, responded in the TG community regarding the issue of XDAG withdrawals not being reopened after the exchange was hacked. He stated that XDAG is quite special, as the amount of XDAG stolen by hackers accounts for a high proportion of the total circulation. The only solution is for the project team to retrieve the stolen tokens through a hard fork; until then, CoinEx cannot do anything.It is reported that XDAG is a token that uses CPU mining. In the CoinEx hot wallet private key leak incident, hackers stole over 229 million XDAG (worth 1.21 million USD), accounting for 18.7% of its total circulation.Previous report, on September 12, the cryptocurrency exchange CoinEx was attacked by hackers, and the leak of private keys led to the theft of tokens worth over 70 million USD. CoinEx officials stated that affected users would receive full compensation for all financial losses.

ChainCatcher message, according to CertiK monitoring, the CoinEx attacker (address starting with 0xc84) has transferred 14,900 BNB (approximately 3.1 million USD) to an EOA address starting with 0xCb8. This fund has been sent in small amounts to different wallets through an EOA address starting with 0x4cf.

ChainCatcher message, on-chain data shows that at 12:32 Beijing time, the CoinEx hacker transferred 5000 BNB (approximately 1 million USD) to the address 0xCb85...a914.

ChainCatcher news, according to Cointelegraph, blockchain security company Match Systems has discovered that a Telegram user is selling stolen cryptocurrency at a discount through peer-to-peer transfers, related to the recent hacks of CoinEx and Stake.Investigators successfully identified and contacted the individual offering the stolen assets on Telegram. The team confirmed that the user controlled an address containing over $6 million worth of cryptocurrency after receiving a small transaction from the corresponding address. The sale of the stolen assets was conducted through a specially created Telegram bot, which sold these assets at a 3% discount to market price; the initially offered assets have been sold, and new tokens will be available for sale in about three weeks.The Match Systems team was unable to fully identify the person's identity, but based on several screenshots and the timing of conversations they received, they narrowed down their location to the European time zone.

ChainCatcher news, according to monitoring by Shield, the CoinEx attacker holds approximately 137 million TRX (worth about 11.63 million USD), accounting for 0.1541% of the total supply of 8.9 billion. They are currently the 66th largest TRX holder.

ChainCatcher message, CoinEx announced on platform X that as of September 25, the deposit and withdrawal services for 346 cryptocurrencies have been restored. The team is establishing verification points and synchronizing across various public chains, and the recovery of the remaining cryptocurrencies will take more time.CoinEx emphasizes that for further updates regarding the restoration of deposits and withdrawals, please refer to the official fee standard page and social media channels. Only the cryptocurrencies specified in last week's announcement and the official fee standard page can be used for deposits and withdrawals; all other statements are scams.

ChainCatcher news, according to the official announcement, the cryptocurrency exchange CoinEx has now resumed the deposit and withdrawal services for cryptocurrencies. Users need to generate a new deposit address; sending assets to the old address will result in loss.

ChainCatcher message, CoinEx announced that it is expected to complete the reconstruction and deployment of its wallet system at 16:00 Beijing time on September 21, 2023, and restore the deposit and withdrawal services for Bitcoin, Ethereum, USDT (ERC-20, TRC-20), USDC (ERC-20), TRX, LTC, BCH, DOGE, SHIB, and BNB. CoinEx stated that new deposit addresses will be generated after the deposit and withdrawal services are restored.

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange CoinEx has disclosed the progress of a previous hacking incident, stating that the leak of private keys has led to hackers stealing tokens worth over $70 million. However, the exchange claims that this amount only accounts for a small portion of its total managed assets, and affected users will receive full compensation for all their losses.CoinEx stated that it is still investigating the identity of those responsible for the security breach, with some blockchain security companies believing that the attackers are the North Korean hackers Lazarus Group. Additionally, CoinEx has opened communication channels with the hackers "to reach a mutually agreed solution."

ChainCatcher message, CoinEx officials stated that 80% of the wallet system reconstruction work has been completed, and preparations for the withdrawal function are being initiated. Detailed information regarding the website upgrade and maintenance will be shared later today.

ChainCatcher message, CoinEx Global has updated the progress of the security incident on social media platforms. As of today, the team has successfully completed 50% of the wallet system reconstruction work. In addition, the team has identified a strategy for resuming withdrawals, which will be gradually restored within 7 working days. Ensuring 100% asset security remains the top priority before reactivating the withdrawal function. For certain low-circulation cryptocurrencies, the team is developing a compensation strategy.

ChainCatcher message, SlowMist's Chief Information Security Officer 23pds tweeted that SlowMist stated the $55 million hack suffered by the cryptocurrency exchange CoinEx was carried out by state-sponsored hackers from North Korea.

ChainCatcher news, CoinEx has updated the progress of the security incident on social platforms. The team is collaborating with a blockchain security company to actively track and identify the stolen funds and related hacker addresses, and has made significant progress. Currently, 30% of the wallet system reconstruction work has been completed. This comprehensive wallet system reconstruction covers 211 chains and 737 types of cryptocurrencies.According to previous news from ChainCatcher, on September 14, the cryptocurrency exchange platform CoinEx released an update on the hacking incident, stating that the preliminary determination is that the cause of the incident was the leakage of the hot wallet private keys. The investigation and handling work is proceeding in an orderly manner, and the assets in CoinEx's cold wallet have not been affected by this incident.