CoinEx to launch service with new wallet system after facing hack

CoinEx to resume service with new wallet system after hack

Cryptocurrency exchange CoinEx is set to resume deposits and withdrawals for its users, more than a week after facing a $70 million hack due to the compromise of its hot wallet private keys. CoinEx had outlined its priority to build and deploy a new wallet system to facilitate activities for 211 Blockchain and 737 Tokens, which it offered the service before this hacking incident. CoinEx will generate new deposit addresses for its users along with updating the deposit addresses for the listed tokens.