Crypto transactions linked to the crypto exchange hacker CoinEx revealed that they are connected to the hacking group Lazarus, while the CoinEx team expected a response from the hackers.
CoinEx is a moderately popular global digital asset trading exchange that supports trading with the fast matching engine, very fast deposit and withdrawal experience, and asset monitoring with multi-dimensional security and protection. This exchange was founded by Haipo Yang. Yang learned about Bitcoin in 2011 and eventually joined the Bitcoin community in 2013.
On September 12, this exchange suffered a hacking attack and lost $50 million in crypto assets.
On September 15, the CoinEx team released an open letter to negotiate with them about accepting a bug bounty reward and also tried to explain that the exchange cannot perform its services in the future because this attack involves a large number of customer funds were taken away. , which contradicts the stock market’s confidence level.
Currently, the CoinEx team is working with another crypto security company to investigate the entire incident, resolve the issue and catch the main culprit. Investigations so far have shown that the hackers have siphoned off $70 million in funds.
Popular crypto detective ZachXBT shared his research and claimed that the hackers have ties to the Lazarus Group, a very large group of anonymous hackers affiliated with the government of North Korea.
Currently, withdrawal and deposit services are not available on the CoinEx exchange as the developers are once again rebuilding the exchange’s wallet system.
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