CoinEx change suspected of being hacked as $27M price of crypto moved

On Sept. 12, crypto change CoinEx skilled abnormally giant outflows to an handle with no prior historical past, main safety specialists to suspect the change was hacked. Blockchain safety platform Cyvers Alerts has estimated the losses to be roughly $27 million.

At roughly 1:21 p.m. UTC on Sept. 12, a recognized CoinEx scorching pockets transferred round 4,947 Ether (ETH), price $7.9 million on the time, to account 0x8bf8cd7F001D0584F98F53a3d82eD0bA498cC3dE. The receiving account had no prior historical past earlier than this transaction.

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