CoinEx exchange suspected of being hacked as $27M worth of crypto moved

On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million.

Red CodeOur AI-powered model detected suspicious transactions related to @coinexcom 2 hours ago

The potentially stolen funds amount to $18.12M #Eth $8.5M #Tron and $291K in #Polygon

Possible causes: access control violations,…