Crypto news reporter Colin Wu revealed that the exchange's hot wallets for Ethereum, Tron, and Polygon had lost over $27.8 million.
Subsequent data from SlowMist indicated that the cumulative value of pilfered assets from CoinEx climbed to $54 million.
The exchange has since suspended deposits and withdrawals and pledged to fully reimburse its users for their losses.
The exchange has since suspended deposits and withdrawals and pledged to fully reimburse its users for their losses.
