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Author Topic: CoinexPW Security issue  (Read 5168 times)

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Offline AZIZ1977

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CoinexPW Security issue
« on: March 17, 2014, 02:13:22 pm »
CoinexPW is reporting that a security issue has occured.

I personally think the exchange has been hacked.

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Offline LightScribe

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Re: CoinexPW Security issue
« Reply #1 on: March 17, 2014, 03:30:29 pm »
CoinexPW is reporting that a security issue has occured.

I personally think the exchange has been hacked.

Well there is an rumor that Eronduuk (dont know how its spelled) have taken everything and left.
//LightScribe

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Offline AZIZ1977

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Re: CoinexPW Security issue
« Reply #2 on: March 17, 2014, 04:23:15 pm »
CoinexPW is reporting that a security issue has occured.

I personally think the exchange has been hacked.

Well there is an rumor that Eronduuk (dont know how its spelled) have taken everything and left.

Yes seen it. He erased his twitter account, github account,etc.
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Offline MicroGuy

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Re: CoinexPW Security issue
« Reply #3 on: March 17, 2014, 04:50:39 pm »
Yes seen it. He erased his twitter account, github account,etc.

Sounds like they have a copy of the MtGox playbook.  :)
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Offline Alpha

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Re: CoinexPW Security issue
« Reply #4 on: March 18, 2014, 05:26:46 pm »
Quote from Bitcointalk:


Please stop posting FUD about CoinEx, we will issue an announcement within next 24hrs about how we are going to handle the situation.

Long story short: yes, our wallet server got hacked and all funds were withdrawn.

Please read back to the beginning of this thread, we had such a problem before and *returned all the stolen funds from our own pockets*. Before this hack happened, we also had several attacks that lost funds and we silently covered those from our fees.

For those who was stalking me at internets: thats true, i was trying to hide/delete my accounts. At the very first moment i saw zero balance at our bitcoin wallet i knew this was coming. And it scared the [beep] out of me. Hope you can understand that.
About me selling bitcoins at localbitcoins.com: thats true too. I have 33mh/s scrypt gpu mining farm, I have >50% of coinex fees + I get % from cryptostocks share sells. Nothing criminal here again.

So again, please calm down. We are not doing a runner.

The only way i can see to restore this is to sell more shares at cryptostocks to cover the losses *and to hire a professional security audit team to prevent this from happening again*.
Long story short, we're covering this from our own pockets again.

Thanks
- erundook



https://bitcointalk.org/index.php?topic=265277.msg5769484
« Last Edit: March 18, 2014, 05:45:07 pm by Alpha »
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Offline AZIZ1977

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Re: CoinexPW Security issue
« Reply #5 on: March 18, 2014, 05:44:32 pm »
Nice to hear something from Coinex what happened to exchange.
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Offline Alpha

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Re: CoinexPW Security issue
« Reply #6 on: March 23, 2014, 12:40:51 pm »
I hope all works out well... I had over 10,000 coins there  :(
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Offline IrishTR

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Re: CoinexPW Security issue
« Reply #7 on: March 23, 2014, 04:00:01 pm »
Seems like there are a lot of hacks occurring as of late perhaps we need to take a step back and look deeply into security (I know nothing is 100%) with this recent string of hacking occurring at exchanges and pools its past time to stop and try addressing it from a serious level.

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Offline Alpha

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Re: CoinexPW Security issue
« Reply #8 on: March 28, 2014, 03:25:42 pm »
Another update:

Hi all,

We have managed to gather about 50% of missing funds in bitcoins, we will be buying missing altcoins with them this weekend. After some calculations we came to a conclusion that 50% is a fair number to resume exchange operation and if all the users wont withdraw their funds right away, we can keep it running using fee incomes to get the second missing part covered with them. We also called several security audit companies to do an audit for coinex. We're sorry for this to take so long but it should be understandable that recovering a business from this point is really ALOT of work. I am personally a rare guest at forums and other chats since chatting doesnt really help to get it back to life, it only takes time from getting the actual things done.

Again, I am personally giving my apologies for bad estimates about restoring our services, this is a tough thing to try and estimate time for it as it depends on too much factors, like altcoin markets not being deep enough to buy in alot of coins missing from our exchange.

Another personal note: as a try to gather more funds, I am selling my GPU farm now which is 24x Radeon HD 7990 and I will be happy to send it anywhere around the world and accept bitcoins as a payment method. Those bitcoins will go to cover the coinex losses, too. You can find a pic of my rigs attached, you can buy the whole rigs or just the cards as you wish.
Pics:
http://cl.ly/UhYY
http://cl.ly/UhXl
http://cl.ly/UgWm
http://cl.ly/UhIU


Also, if anyone wants to donate to help coinex get back to life, here's the BTC addy to do that:
16Xs3TsZWwoRZnKEXJZh72FUrzWv7VKbn4

Thanks for your patience,
- erundook



https://bitcointalk.org/index.php?topic=265277.msg5955017#msg5955017
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Offline MicroGuy

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Re: CoinexPW Security issue
« Reply #9 on: March 28, 2014, 03:39:34 pm »
A very interesting development. Thanks for making this post.  :)
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Offline Alpha

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Re: CoinexPW Security issue
« Reply #10 on: March 30, 2014, 05:27:06 pm »
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Offline Alpha

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Re: CoinexPW Security issue
« Reply #11 on: April 01, 2014, 05:46:34 pm »
I finally took the time to log on and all of my GoldCoins are there....
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Offline MicroGuy

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Re: CoinexPW Security issue
« Reply #12 on: April 01, 2014, 05:58:47 pm »
I finally took the time to log on and all of my GoldCoins are there....

That's great news!

Stouse49 said all of his Goldcoins were there too.  :)
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Offline Stouse49

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Re: CoinexPW Security issue
« Reply #13 on: April 03, 2014, 12:38:14 am »
Currently, I am trying to move my GoldCoins out of CoinEx, but they have been stuck in a withdrawal queue for 2 days.
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Offline Alpha

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Re: CoinexPW Security issue
« Reply #14 on: April 04, 2014, 05:51:07 pm »
Currently, I am trying to move my GoldCoins out of CoinEx, but they have been stuck in a withdrawal queue for 2 days.

Any success?  I'm not sure what I want to do with my coins that are there.
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