Blockchain investigator ZachXBT said that after CoinEx was attacked by the Lazarus Group, he alerted the exchange that the platform’s own funds had allegedly been laundered back through CoinEx. He said he also helped freeze the related funds, but received no response from the CoinEx team. ZachXBT criticized the exchange’s communication around the security incident, saying its handling of the matter was inadequate. Separately, CoinEx announced earlier today that it will cease operations and proceed with an orderly liquidation. The exchange said its withdrawal channel will remain open until Dec. 22. The remarks link a prior security incident, ZachXBT’s attempted reporting to the exchange, and CoinEx’s latest decision to wind down operations, all based on the information cited in the original report.
According to Odaily, blockchain investigator ZachXBT said that after CoinEx was attacked by the Lazarus Group, he reported to the CoinEx team that the platform’s own funds had been laundered back through CoinEx. He said he also assisted in freezing the related funds, but did not receive a response.
ZachXBT also criticized the CoinEx team for poor communication during the security incident.
CoinEx announced earlier today that it will stop operations and enter an orderly liquidation process. The withdrawal channel will remain open until Dec. 22.
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