Best Crypto to Buy Now September 20 – XDC Network, Kaspa, Toncoin
Following a major security breach that compromised $70 million in crypto assets last week, Hong Kong-based exchange CoinEx has begun gradually resuming withdrawals and deposits on its platform.
CoinEx anticipates the complete restoration of its wallet system by tomorrow, September 21.
With CoinEx starting to restore services after the hack, what is the best crypto to buy now?
According to a statement posted on the company's website on Thursday, the exchange is also updating deposit addresses for major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Shiba Inu, and Binance Coin.
CoinEx warned users to only use the new deposit addresses, as "the old addresses will no longer work and assets sent to them will be permanently lost."
The company noted it anticipates a high volume of withdrawals in the coming days, which may result in slower processing times as it works to ensure the stability of the new wallet infrastructure.
The suspected hack of CoinEx's hot wallets occurred on September 12, when data showed large unauthorized withdrawals from the exchange's reserves.
By beginning to restore some accounting functionality, CoinEx appears to be slowly resuming normal operations following the security breach.
However, the exchange emphasized that ensuring the complete security of user assets remains its number one priority before reactivating withdrawals more broadly across the platform.
Meanwhile, Bitcoin is trading with low volatility, currently at $27,187, down 0.13% so far today. The total crypto market cap is also declining down 0.19% so far today to $1.055 trillion.
Bitcoin is attempting to hold support above $27,000 and potentially consolidate before testing resistance at the Fib 0.618 level of $27,373,
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