Crypto exchange CoinEx has announced the resumption of deposit and withdrawal services for select cryptocurrencies, following a week-long closure due to a $70 million hack. Starting from September 21 at 08:00 UTC, users will be able to make deposits and withdrawals for BTC, ETH, USDT (ERC20), USDT (TRC20), USDC (ERC20), TRX, LTC, BCH, BNB, DOGE, and SHIB.
CoinEx advises users to avoid using old addresses, as crypto assets may be lost. The exchange will generate new deposit addresses for the mentioned assets.
However, due to the expected increase in withdrawal requests, there may be some delays in processing. CoinEx assures users that the new wallet system is stable and promises to gradually reintroduce more crypto assets to their deposit and withdrawal services. They urge users to stay tuned for official updates.
Notably, CoinEx has not yet resumed deposits and withdrawals for XRP, despite the cryptocurrency recording significant trading volume in recent weeks. Kaiko, a market data provider, reported a rise in XRP liquidity following a court ruling in the Ripple vs SEC lawsuit. Market depth for XRP has increased from $8 million in June to $12 million in September.
CoinEx suffered a $70 million loss in the hack, which was attributed to compromised hot wallet private keys. The exchange’s decision to resume services for select cryptocurrencies is a step towards restoring normal operations and rebuilding user trust.