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This Crypto Exchange Reportedly Suffered a $13 Million Hack
According to insights from a blockchain security firm, the hackers have stolen around $13 million from crypto exchange CoinW.
While there were massive security incidents last month, bad actors continued to drain user funds in October.
Cyvers Detect Suspicious Transactions as CoinW Exchange Loses $13M
The blockchain security firm Cyvers told BeInCrypto:
Our cutting-edge AI system has flagged multiple suspicious transactions totaling $13M on the @CoinWOfficial exchange on BTC, ETH, and BNB chains.
Whether the threat originates from external forces, suggesting a system breach or internal authorized movement remains uncertain.
This is a developing story
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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
