Crypto Exchanges: Even More Embarrassment

Crypto Exchanges: Even More Embarrassment

As if the news about faking trading volumes was not enough. Adding to the growing number of miserable fails of all-mighty, security-loaded crypto exchanges: DragonEx has been hacked, while some suspicious activity was reported on CoinBene. No one is surprised anymore, the whole thing is just fucking embarrassing.

DragonEx, the Singapore-based crypto exchange, was hacked on Sunday. There is no word on losses, of course. But check this out: when the breach was first detected, DragonEx took the platform offline, saying that it’s going through maintenance. The actual reason – hacking – was announced in a day. Like, wow, that’s a perfect example of transparency! Now they’re pleading for help: “We earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows.”

Now, with CoinBene, the Brazil-based exchange, the situation is somewhat murky. Users have spotted some strange activity, fearing that ETH wallets were hacked: there is a mass withdrawal of assets from these wallets. Meanwhile, the official statement says that “technical works” are currently going on to upgrade UI. Hmmm… Whatever. If this exchange was also hacked, no one – except its users – will give a shit. It’s just business as usual.