CoinEx to Resume Withdrawals of Certain Cryptos Following Security Breach Cryptocurrency exchange
CoinEx, that fell victim to a hack last week, is set to start its deposit and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC), from September 21.
Per an official update on Wednesday,
CoinEx said that it is working to complete the reconstruction and deployment of the wallet system, along with resuming withdrawals. Furthermore, the exchange is upgrading the deposit addresses for all users
. CoinEX warned users of losing tokens if deposited in the old addresses.
“Please DO NOT use any old deposit addresses you may have saved - The old addresses will NO LONGER work and assets sent to them will be permanently lost.”
The exchange
temporarily suspended deposit & withdrawal services on September 13, for “added security” and said that it would resume only after
a “thorough review.” It further asked users to be patient as there
may be a “large number of pending withdrawals” which might take longer than usual to process all withdrawal requests.
“We ensure the new wallet system is stable, and we will gradually resume deposit and withdrawal services for more assets.”
