ZachXBT Says CoinEx Went Silent After Lazarus-Linked Hack Report
AI Market Summary
Allegations that CoinEx did not respond to a Lazarus-related laundering report, alongside CoinEx halting operations and entering liquidation with time-limited withdrawals, heighten counterparty and operational risk across centralized exchanges. The news can trigger risk-off positioning, increase scrutiny of exchange proof-of-reserves and incident handling, and may pressure broader crypto liquidity conditions in the near term.
Impact level
● Medium
Affected assets
BTC/USDT-0.92%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Odaily Planet Daily reported that blockchain investigator ZachXBT said CoinEx failed to respond after he flagged activity tied to a Lazarus Group attack on the exchange. ZachXBT claimed the exchange's own funds were laundered back through CoinEx and that he helped coordinate the freezing of the related assets, but received no reply from the platform. He also criticized CoinEx for weak communication around the security incident. CoinEx said early today that it has halted operations and is moving into an orderly liquidation, with withdrawals available through Dec. 22.
