According to insights from a blockchain security firm, the hackers have stolen around $13 million from crypto exchange CoinW.
While there were massive security incidents last month, bad actors continued to drain user funds in October.
Cyvers Detect Suspicious Transactions as CoinW Exchange Loses $13M
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The blockchain security firm Cyvers told BeInCrypto:
Our cutting-edge AI system has flagged multiple suspicious transactions totaling $13M on the @CoinWOfficial exchange on BTC, ETH, and BNB chains.
Whether the threat originates from external forces, suggesting a system breach or internal authorized movement remains uncertain.
This is a developing story
