CoinBene, one of the leading cryptocurrency exchanges around the globe, was under the spotlight of the cryptocurrency space over controversies surrounding a hack. This speculation was soon shot down by the exchange, with the team releasing an official statement on their Twitter handle. Nevertheless, a report by Elementus suggested that around $105 million in cryptocurrencies were transferred out of CoinBene and that they are being “sold on various exchanges.”
The speculation spread after the exchange underwent an unscheduled maintenance, resulting in some customers considering the possibility of a hack. Notably, the exchange stated that trading activities on the platform would not be affected because of the wallet upgrade. However, it would affect services such as withdrawal and deposit, they said.
More so, Alexandr, a Twitter user, questioned CoinBene about whether there was hack, considering that all the wallets were up for an upgrade at the same time. He also queried CoinBene about when they would release an official statement. To this, the exchange stated,
“Part of the wallet upgrade and maintenance has been completed, CoinBene will open BTC and USDT deposit and withdraw functions at 11:00, March 27, 2019 (GMT+8), and ETH deposit and withdraw functions will be opened at 15:00, March 27, 2019”
This was followed by the exchange platform releasing an official statement on the event. They said,
“#Announcement Somebody doubt CoinBene was attacked by hacker recently because our maintenance. We CoinBene are so sorry that made everyone worried for this problem.”
The exchange stated that the CoinBene security team came to a consensus on a wallet upgrade “in order to protect the rights of global users and partners,” considering reports of users’ assets theft on several exchanges. It further assured its users that their assets were 100 percent secure on the platform,