Cryptocurrency exchange CoinW has fallen victim to a devastating attack. According to the information received, there is a staggering loss of 13 million dollars. Cyver Alerts, a leading Blockchain security firm, revealed that the attack actually occurred on the afternoon of October 1 and sent shockwaves through the crypto community.
Cryptocurrency exchange was attacked, millions of dollars of damage!
The breach was first detected by Cyver Alerts’ cutting-edge AI system, which detected numerous suspicious transactions involving major cryptocurrencies such as Bitcoin, Ethereum, Tether (USDT), and Binance Coin (BNB) on the CoinW exchange. The seized funds include $2.1 million worth of Bitcoin, $346,000 worth of Ethereum, 10 million USDT and $500,000 worth of BNB. However, the extent of the attack remains unclear. Therefore, the incident resulted in a Code Red alert. It is unclear whether the threat comes from external forces. Additionally, it is unclear whether it involves a system breach or authorized actions within the exchange.
Code Red! 🚨 Massive Suspicious Incident Detected – $13M at risk 💰
🔑 @Cyvers_ AI System surfaced anomalous activity on @CoinWOfficial yesterday.
Our cutting-edge AI system has flagged multiple suspicious transactions totaling $13M on the @CoinWOfficial exchange on BTC, ETH,… pic.twitter.com/ybC2aBoi57
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) October 2, 2023
Cyver Alerts urges the cryptocurrency community to stay updated on the situation. It is also seeking help from experts in the field, including other Blockchain analysis firms.
Cryptocurrency exchange contacted users
In response to the attack, CoinW Founder and CEO Deddy Lavid released a statement urging affected individuals to contact them on Telegram for specific assistance or seek support from their community of white hat hackers and Web3 researchers at https://t.me/oswarcommunity published. He also requested that users send their urgent questions to [email protected].
CoinW currently has a total 24-hour spot trading volume of $682 million, according to CoinMarketCap. CoinW is the 30th largest cryptocurrency exchange in the world with this transaction volume. After the attack, CoinW’s native token CWT did not show significant price fluctuations.
Hacking incidents in the crypto world are endless!
Cyver Alerts actively warns the cryptocurrency community of potential threats. A Blockchain security company that stands out in this field. The company had previously warned about the CoinEx attack, which caused losses exceeding $54 million in September, the HTX Global attack, which caused losses of $7.9 million, and the Remitano attack, which caused losses of $2.7 million.
September also reported that Mixin Network fell victim to a cyber attack. cryptokoin.com As you follow from , Mixin Network suffered a shock of 200 million dollars in this attack. Thus, the cryptocurrency platform witnessed the most significant security breach of the year.
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