Popular Crypto Exchange CoinBene’s Sudden Wallet Maintenance Gives Rise to Hacking Rumors

CoinBene is the latest exchange that has been rumored to be hacked, although the platform is continuing to deny the rumors.

Yesterday, a user claimed in a tweet that a deposit done by him had been stuck for over an hour, he believed that the exchange was hacked. This sparked a rumor that CoinBene’s security had been compromised.

As a quick response to this user, CoinBene tweeted:

“In order to enhance the user experience, CoinBene upgraded the platform wallet on March 26, 2019. During maintenance, it will affect related operations such as deposit and withdraw, trading will not be affected”

Nick Schteringard, a reporter at Russian crypto media site Forklog, also tweeted regarding some strange activity on multiple user’s Ethereum wallets.

“Some strange activity spotted on #Coinbene. Users report that #ETH wallets were hacked and attach these two addresses,” he explained, referencing two wallet addresses that reportedly had signs of suspicious trading activity.

The Crypto Exchange explained in a notice today that the wallet upgrade wasn’t done in the response to an attack on their platform. They also stated that this upgrade was a precautionary action taken in response to the news of other exchanges being hacked.

This rumor surfaced due to their lack of communication regarding wallet maintenance but we should not ignore the fact that Centralized crypto exchanges are prone to major attacks.

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