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CEX CEO publicly apologized: confirmed a loss of approximately 44.5 billion won in assets, and has suspended deposits and withdrawals.

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On November 28, the CEO of CEX, Korea's largest cryptocurrency exchange, Wu Jingxi, issued an apology letter stating that they would report the cyber attack incident to relevant authorities in South Korea according to applicable laws and regulations and investigate the cause and scale of the incident. CEX analyzed a large number of public on-chain transaction records and discovered a security vulnerability that allowed the private key to be inferred, which has now been fixed. CEX has suspended digital asset deposits and withdrawals and is tracking and freezing digital assets that have been transferred off the CEX platform. CEX has confirmed that approximately 44.5 billion Korean Won in assets have been compromised (approximately 30 million USD), of which user assets amount to about 38.6 billion Korean Won, with around 2.3 billion Korean Won frozen, and their own assets amount to approximately 5.9 billion Korean Won. CEX reiterated that they have used assets held by CEX to fully compensate users. CEX is currently undergoing a comprehensive overhaul of their wallet system, and once the system is stable, digital asset deposits and withdrawals will be resumed immediately.

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