The CEO of CoinEx sent a letter to end users, pledging to reform protection operate

CoinEx founder and CEO Haipo Yang after once again reiterated his dedication to enhancing protection following the September assault.

The CEO of CoinEx sent a letter to end users, pledging to reform protection operate

On October 27, 2023, CoinEx founder and CEO Haipo Yang published a letter on the social network X (Twitter), presenting the protection enhancements that have given that been imposed by this platform. assault in mid-September.

At the starting of the letter, Mr. Yang admitted that the final two months have been “the most difficult period CoinEx has faced since its founding.” However, the exchange stated it stays committed to safeguarding users’ interests and is in the course of action of paying out damages.

Dear CoinEx neighborhood, The current assault is the largest challenge we have faced given that we started out CoinEx. We are actually sorry for the inconvenience triggered. But my dedication to all of you stays as robust as ever. Thank you for everyone’s continued assistance throughout this challenging time.

— Haipo Yang (@yhaiyang) October 27, 2023

At the similar time, CoinEx was Global reform of the protection process and security warnings on the floor to reduce new hazards. With the identify Asset protectionthe process imposes new protection measures, such as:

– Establish a workforce specialized in network protection

– Offline information storage

– Use multi-signature protocols to deal with money

– Data backup in several copies

– Monitor sizzling and cold wallet programs

– Real-time monitoring of uncommon deposit and withdrawal transactions, self-alarming of suspicious actions

– Other contingency strategies.

Additionally, the exchange has also established the CoinEx Shield Fund to insure users’ assets in situation of any other incidents in the long term. At the similar time, CoinEx also collaborates with well-known protection units in the blockchain field this kind of as SlowMist to accelerate response to assault threat.

Mr. Haipo Yang stated CoinEx will carry on to hold company philosophy of placing traders to start witheach in merchandise growth to enhance the trading working experience, and right here in improving protection to defend consumer interests.

In the close to long term, CoinEx will organize a neighborhood training campaign referred to as “CoinEx Creator Program”, collaborating with influential folks in the cryptocurrency market place to introduce self-safety expertise and techniques. Protect by yourself when participating in crypto transactions for ordinary traders.

The founder of CoinEx admitted that 2023 was a challenging time for all participants in the cryptocurrency market place. From the cryptocurrency winter, to the collapse of asset charges, to the closure of several organizations and the tightening of management by worldwide authorities, anything has shaped a not extremely favourable long term for the sector. However, with six many years of growth working experience in the cryptocurrency discipline, Mr. Haipo Yang is assured that the exchange will conquer the present turmoil and carry on to accompany end users.

At the finish of the submit, Mr. Yang also thanked the assistance of the CoinEx investment neighborhood and pledged to carry on the mission of placing users’ interests to start with.

About CoinEx

Founded in 2017, CoinEx is a worldwide cryptocurrency exchange committed to simplifying trading. The platform presents a assortment of solutions such as spot and margin trading, futures, AMM and monetary management solutions to much more than five million end users in much more than 200 nations and areas.

Founded with the unique concept of ​​creating a respectful and honest crypto trading surroundings, CoinEx is committed to getting rid of monetary barriers and supplying end users with a secure and effortless trading working experience.

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