Cryptocurrency exchange Coinbene has announced it is undergoing maintenance

Coinbene which is a major and well-known cryptocurrency exchange ranked 16th on CoinMarketCap by accustomed volume, has stated it is undertaking maintenance issue recently, however, as the cryptocurrency industry discusses rumors that the Cryptocurrency exchange Coinbene has been hacked. The official Twitter account of Coinbene Global, @CoinBene, has replied to one customer named as Crypto James, who stated that his credits have been retained in the account for more than an hour and maintains the exchange has agonized a hack, as the maintenance had not been formally announced.

Coinbene’s reply to his tweet reads:

“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.”

Twitter user Stephen Morrison stated In a comment to Saponaro’s tweet that the funds seem to have been shifted to an address observed and called an as cold wallet. Twitter user Stephen Morrison stated In a comment to Saponaro’s tweet that the funds seem to have been shifted to an address observed and called an as cold wallet.

Crypto media Forklog Nick Schteringard of Russian also mentioned abnormal activity on Coinbene in his Twitter. Schteringard cites customers who claim that their wallets were hacked using two addresses. He also notes that a large portion of previously unknown MaximineCoin, or MXM, is involved in transactions. MXM has seen gains of more than 700 percent each of the March 2019 says, Nick. The United States Securities and Exchange Commission (SEC) On March 19, published a report on cryptocurrency exchanges created by Bitwise Asset Management, maker of a cryptocurrency index fund. In the report, specialists say that 90 percent of Bitcoin (BTC) trading volume reported by unregulated crypto exchanges were false.

The announcement, emphasizing this has been a preventive — not reactive — measure, reassures users that:

“User assets on CoinBene platform are 100% secure, our platform promises that if any user assets will be lost, we will compensate 100% [sic]. […] The CoinBene security team monitors any anomalies at all times and will issue a warning the first time to prevent any possible risks.”

DragonEx has purportedly informed a number of local authorities, including those in Estonia, Thailand, Singapore, and Hong Kong, to the attack. Elaborating, the crypto startup wrote:

“We’re assisting policemen to do the investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week.

The SEC’s Bitwise report, inter alia, stated Coinbene as the main BTC exchange in the world has $480 million in everyday volumes. The writers feel that their action is doubtful,CThis facade of the industry’s hardship has been constant, inappropriately enough. As per a news website DragonEx, a Singapore-based exchange was hacked. The corporation stated that this unsuccessful thing happened through its Telegram channel, in which DragonEx’s PR staff demanded that capitals of customers and the platform itself was transferred and whipped.The corporation stated that this unsuccessful thing happened through its Telegram channel, in which DragonEx’s PR staff demanded that capitals of customers and the platform itself was transferred and whipped.

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