Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
FxWirePro- Major Crypto levels and bias summary 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
FxWirePro- Major Crypto levels and bias summary 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Quantinuum Raises $1.68 Billion in Upsized Nasdaq IPO Amid Growing Quantum Computing Demand 
Why the Middle East is being left behind by global climate finance plans 
FxWirePro- Major Crypto levels and bias summary 
South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
CoinEx Global announces significant losses in suspected hacking. The crypto exchange reported unusual withdrawals, with various tokens redirected to a previously inactive wallet. Investigations are ongoing.
The unusual transferring of tokens took place on Tuesday, Sept. 12. CoinEx said the sudden large outflows to an Ethereum account led security experts to believe that the crypto exchange's system was hacked. Cyvers Alerts blockchain security platform surmised that more or less $27 million was stolen in the breach.
According to CoinTelegraph, the first transfer happened at about 1:21 p.m. UTC. At this time, a known CoinEx hot wallet moved about 4,947 Ether (ETH), valued at $7.9 million, to an Ethereum account, and it was noted that before this transfer, it did not have any single transaction yet.
CoinEx said the transfer of large amounts of tokens immediately follows after the first transaction. The tokens were also sent to the same account. The succeeding transfers include 408,741 Dai (DAI) stablecoin, 2.7 million Graph tokens (GRT), 29,158 Uniswap (UNI), and several others.
A few hours later. CoinEx confirmed the hacking incident through a post on X (Twitter). The cryptocurrency exchange posted a note titled: "Urgent Notice: Security Incident on CoinEx - Immediate Actions Underway."
CoinEx explained, "On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx's exchange assets. Promptly recognizing the gravity of the situation, we immediately established a special investigative team to delve into the matter."
The crypto firm added that initial assessments showed illegal transactions involving $ETH, $TRON, and $MATIC. However, CoinEx said it has yet to determine the exact amount of the loss. It also assured users that the affected fund is just a small portion of the exchange's assets.
CoinEx also asked for consideration from its customers by saying, "We earnestly seek your understanding and patience. Our priority has always been, and will continue to be, the security and trust of our users. We deeply regret any distress this may have caused and assure you of our unwavering dedication to safeguarding your interests."
Photo by: FLY:D/Unsplash
