DragonEx, the Singapore-based cryptocurrency exchange recently confirmed that it has been the latest in exchanges to suffer a hacking attack. The news came at the same time that another crypto exchange, CoinBene announced that it was undergoing site maintenance after rumours surfaced that it to had been hacked.

The DragonEx Hack:

DragonEx first announced via Telegram on the 26th March that it had suffered the hack on Sunday the 24th. Furthermore, the exchange also confirmed that an “undisclosed” amount of user funds had been stolen during the attack.

Authorities in Singapore, Thailand, Hong Kong and Estonia were alerted to the occurrence of the hack.

DragonEx team members stated:

”All platform services will be closed, and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what.”

Furthermore, according to Joanne Long, DragonEx’s administrator of the exchange’s official Telegram account, a number of the funds stolen were sent to regulated exchanges which are bolstered by Know Your Customer (KYC) regulations such as Bittrex.

This could very mean that some of that stolen funds could be recovered if DragonEx is to alert and request assistance from any particular exchange in question. In addition to this, DragonEx has also claimed that it will take full responsibility for the hack.

”DragonEx will not run away and will take the responsibility. The most important [thing] is to retrieve […] the stolen assets.”

CoinBene Hacked?

As mentioned above the DragonEx hack coincides with another suspected attack of yet another Singaporean cryptocurrency exchange, CoinBene. The crypto exchange raised suspicion of an assault when it was announced that the site was undergoing maintenance from the 26th of March.

Many crypto insiders suspect that the supposed maintenance is a cover for a considerable hack which could potentially involve the loss of up to $40 million in crypto assets. Furthermore, the CIO of Diviproject, Nick Saponaro put out a tweet stating that extensive transactions have been outgoing from CoinBene as visible on Etherscan and this serves as proof of an attack.

That being said, it is still unclear at this stage what has actually happened with CoinBene’s site. A user reached out to CoinBene on Twitter asking why his deposit has been sitting in a pending status for an hour.

CoinBene officially responded that the site maintenance will ”affect related operations such as deposit and withdraw” citing it as the reason for the platform experiencing multiple outages.