CoinEx set to resume deposits and withdrawals
CoinEx has undergone a complete reconstruction of its wallet system after the $70 million hack. The exchange will recommence deposit and withdrawal services for specific cryptocurrencies. Deposit and withdrawal services of BTC, ETH, USDT, USDC and other seven tokens will resume from September 21. CoinEx, the cryptocurrency exchange that recently fell victim to a $70 million hack due to compromised hot wallet private keys, is preparing to reinstate deposit and withdrawal services for its users. This significant development comes after more than a week of intense efforts to address the security breach, which was reportedly orchestrated by the notorious North Korea’s Lazarus Group. According to reports, CoinEx is currently prioritizing the creation and deployment of an entirely new wallet system. The new system will support the vast array of 211 blockchains and 737 tokens that were originally served by the platform before the hacking incident occurred. Co...