The post $27M Worth of Crypto Stolen from CoinEx Exchange in Suspected Hack! appeared first on Coinpedia Fintech News

CoinEx, a digital asset exchange, has suffered a suspected hack resulting in the loss of $27 million worth of cryptocurrencies. The exchange’s team reported that a hot wallet was used to transfer various tokens to a wallet with no previous history, leading to what they described as “anomalous withdrawals”. The company has assured customers that the remaining assets are safe and that they are working with law enforcement to investigate the incident. This marks yet another blow to the digital asset industry’s reputation as incidents of cybercrime continue to plague the sector.

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