Losses from the CoinEx incident improved to $54 million

Nearly a day following the hack that targeted its platform, CoinEx is nonetheless unable to determine all the harm. Furthermore, there is data that North Korean hackers are the culprits.

Losses from CoinEx Incident Increase to $54 Million: Are North Korean Hackers the Culprits Again?

According to an update on the afternoon of September 13, CoinEx announced a quantity of wallet addresses believed to be linked to the attacker on this platform, spanning several blockchains which includes Ethereum, BNB Chain, Bitcoin, Ripple, TRON, Polygon, Solana, Bitcoin. Cash, Dagger, Kadena, Arbitrum, Optimism and Stellar.

CoinEx calls on the local community, exchanges, tasks and linked events to also block these addresses to protect against poor actors from spreading cash.

According to statistics from Lentonemistcomplete damages from the assault rose to virtually $54 million.

Update on the harm resulting from the CoinEx assault. Source: PeckShield

As reported by Coinlive, CoinEx had to quit all deposit and withdrawal routines on the evening of September twelve following detecting a series of suspicious transactions, transferring a massive quantity of assets from the exchange’s scorching wallet.

In a statement launched late on September twelve, CoinEx mentioned it was nonetheless investigating the bring about and was forced to freeze withdrawals to protect against poor actors from continuing to steal assets. CoinEx reassures the local community that it will entirely compensate broken accounts.

Not stopping there, in accordance to “on-chain detective” ZachXBT, the attacker accidentally linked the addresses of wallets that withdrew cash from CoinEx with wallets that participated in the withdrawal of cash from “Stake betting houses”, proving that there are indications that the hacker is the Korean hacker group Lazarus Group.

As reported by Coinlive, Lazarus Group is a hacker group accused of getting behind a lot of attacks that have triggered major harm to the cryptocurrency sector, which includes Axie Infinity’s Ronin Bridge Collapse ($625 million) Harmony’s Horizon Bridge ($one hundred million) Euler Finance ($197 million) Alphapo ($60 million) Atomic Wallet ($one hundred million) Participation ($41 million).

Over the previous three months, Lazarus Group is mentioned to have stolen extra than $270 million in cryptocurrency.

Coinlive compiled

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