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CoinEx to Compensate Customers with Stolen $70 Million in Crypto

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CoinEx, a cryptocurrency exchange that recently fell victim to a suspected $70 million theft by North Korean hackers, has made a groundbreaking announcement. The exchange has vowed to fully compensate affected customers and restore deposit and withdrawal services for a wide range of cryptocurrencies, including Bitcoin, Ethereum, USDT, USDC, TRX, LTC, BCH, DOGE, SHIB, and BNB. This move comes as a relief to thousands of CoinEx users who were left in the lurch after the security breach.

**The Security Breach: A Brief Overview**

On September 20, 2023, the cryptocurrency community was shaken by the news of a security breach at CoinEx, one of the leading cryptocurrency exchanges in the world. It was suspected that North Korean hackers were behind the theft of approximately $70 million in various cryptocurrencies. This incident raised serious concerns about the security measures implemented by cryptocurrency exchanges and their ability to protect user funds.

**CoinEx’s Pledge to Compensate Customers**

In a surprising turn of events, CoinEx announced its commitment to fully compensate the affected customers. This announcement sent shockwaves through the cryptocurrency industry and raised hopes for those who had lost their assets in the security breach. The exchange has set a date and time for the compensation and restoration process to begin, which is 16:00 on September 21.


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