In a startling revelation, it has been confirmed that the audacious heist on the cryptocurrency exchange, CoinEx, which resulted in a substantial loss exceeding $55 million, can be attributed to the North Korean hacking consortium, Lazarus.
The identification of this malevolent group was made possible through the unintentional exposure of a digital trail, a familiar address that had previously surfaced in connection with the Stake and Optimism hacks.
The ominous breach of CoinEx became apparent on 12 September, when an unusual surge of funds was observed being directed towards an address that bore no prior transactional history.
Alarm bells were promptly rung in the realm of cybersecurity, with preliminary estimates pegging the potential loss at around $27 million.
As of the latest update, provided by the esteemed security firm SlowMist and on-chain investigator ZachXBT, the financial hemorrhage has soared past the staggering $55 million mark.
In the aftermath of this jarring security breach, CoinEx Global took immediate steps to reassure its user base, asserting that their assets remained secure and vowing to provide "100% compensation" to those impacted by this audacious intrusion.
Temporarily suspending deposits and withdrawals served as an additional precautionary measure to fortify security protocols.
The exchange is actively monitoring the evolving situation and has committed to furnishing a comprehensive report detailing the incident in the near future.
CoinEx's latest update yesterday evening showed that they have identified the 3rd series of suspicious wallet addressed linked to the hack.
This recent attack on CoinEx Global injects yet another colossal sum into the mounting losses incurred through a litany of exploits, hacks, and scams that have plagued the cryptocurrency landscape.
Notably, the month of August bore witness to the misappropriation of approximately $45 million through a series of malicious attacks, underscoring the ongoing need for heightened vigilance within the crypto sphere.