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Home»Scams»Crypto Exchange CoinEx Promises Generous Bug Bounty Reward to Hacker Following $70,000,000 Exploit
Scams

Crypto Exchange CoinEx Promises Generous Bug Bounty Reward to Hacker Following $70,000,000 Exploit

2023-09-19Updated:2023-09-19No Comments2 Mins Read
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Days after struggling a safety breach, crypto trade CoinEx is trying to achieve out to the hackers accountable for the incident.

In an open letter to the hackers, CoinEx says it is able to reward the perpetrators of the theft with a “beneficiant bug bounty” if the stolen property are returned.

“We hope you acknowledge the affect of this occasion on every a kind of customers. We might admire it when you perceive the considerations and frustrations of those affected customers. We sincerely invite you to work with us to resolve this challenge in a safer, extra affordable, and extra user-friendly method. We encourage you to speak and negotiate with us actively on the blockchain or by our official e-mail handle.”

In accordance with CoinEx, the losses incurred from the safety breach are estimated to be roughly $70 million.

“Preliminary assessments point out unauthorized transactions involving Ethereum (ETH), Tron (TRON), and Polygon (MATIC). The exact quantity of the loss remains to be being decided, and the affected fund is only a very small portion of CoinEx’s whole property.”

Whereas assuring affected customers that they are going to be totally compensated for any losses, CoinEx has additionally launched details on the resumption of withdrawals.

“Warning: any claims stating that CoinEx has resumed withdrawal providers are false and scam-related….

We’ve finalized our technique to resume withdrawals and are set to progressively resume these providers inside seven working days. Guaranteeing 100% asset safety stays our prime precedence earlier than reactivating withdrawal functionalities.”

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