Global cryptocurrency exchange CoinEx has been hacked for at least $29 million, with blockchain sleuths identifying a series of suspicious transactions leaving the firm’s hot wallets.
Crypto security platform Cyvers reported the breach on Tuesday, calling on CoinEx to halt all deposits and withdrawals immediately.
The hack occurred across three different blockchains, involving a wide variety of tokens. In total, thieves stole $18.12 million in assets on Ethereum, $8.5 million on Tron, and $291,000 on Polygon.
According to the company, possible causes of the hack include “access control violations,” “private key leakage,” and “rug pulling,” if it wasn’t simply an “insider job.”
On-chain sleuth ZachXBT also contributed to the findings.
Cyvers added that the hacker’s three suspicious addresses have already begun swapping their assets for ETH, and that one has already transferred 3365 ETH ($5.3 million) to an externally owned address.
CoinEX later published a statemen
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