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Tuesday, September 12, 2023 at 05:00 UTC

CoinEx

Hot wallets across 11 chains drained by Lazarus.

Lost
Funds stolen
$70.00M
Recovered
$0.00M0%
Still outstanding
$70.00M
Chain
Ethereum
Category
CEX
Attack vector
Private Key Compromise
Reported by
SlowMist
Incident ID
h2023-4

Exploit & recovery timeline

  1. Sep 12, 2023 · 03:00 UTC
    Attack preparation

    Attacker wallets funded and staged ahead of the private key compromise exploit against CoinEx.

  2. Sep 12, 2023 · 05:00 UTC
    Exploit executed

    $70.0M drained from CoinEx on Ethereum via Private Key Compromise.

  3. Sep 12, 2023 · 06:00 UTC
    Detected by SlowMist

    SlowMist flagged the anomalous transactions and published an initial alert.

  4. Sep 12, 2023 · 09:00 UTC
    Protocol response

    CoinEx paused affected contracts or withdrawals and began tracing outbound flows.

  5. Sep 13, 2023 · 05:00 UTC
    Funds traced

    Stolen assets followed through mixers, bridges, and exchange deposit addresses.

  6. Oct 12, 2023 · 05:00 UTC
    Funds written off

    No assets recovered; losses absorbed by the protocol, insurers, or users.