Coinbene Exchange Declares Under-going Maintenance, Community Cites Possibilities Of Hack.

Coinbene Exchange Declares Under-going Maintenance, Community Cites Possibilities Of Hack.

2019-03-26 | Selina Mathew

Coinbene Exchange Declares Under-going Maintenance, Community Cites Possibilities Of Hack.

Coinbene cryptocurrency exchange, positioned at the '16th' rank on CMC [CoinMarketCap] by daily transaction volume, has 'declared' it’s undergoing maintenance recently on  26th March, as the crypto 'community' discusses rumours that the exchange has been hacked.

@CoinBene - The official Twitter account of Coinbene Global, responded to a user nicknamed ‘Crypto James’, who 'claimed' that his deposits have been pending for more than an hour and insists the exchange has suffered a 'hack', as the ongoing maintenance had not been antecedently declared.

Coinbene’s reply to his tweet 'reads':

“In order to boost the user expertise, CoinBene upgraded the platform wallet services earlier on 26th March this year. Throughout maintenance, it'll have an effect on all operations like deposit and withdraw, trading will not be affected.”

While in another tweet, Coinbene 'adds' that the completion time of the ongoing maintenance would be announced separately. The cryptocurrency exchange states that all withdrawals and deposits would be completed automatically, once the maintenance concludes.

Moreover, some insiders counsel that the maintenance announcement may be a cover for a large affected hack which may involve up to $40 Mln assets. Nick Saponaro, CIO of blockchain startup project named ‘Diviproject’, 'wrote' on Twitter that the major outgoing transactions from the platform 'shown' on major statistics web-site for Ethereum [ETH], Ehterscan,  might possibly serve as a proof of an attack.

In addition to the comment to Saponaro’s tweet, Twitter user ‘Stephen Morrison’ added that the funds seem to have been transferred to an address commented on as “cold wallet.”

Nick Schteringard of Russian cryptocurrency media Forklog additionally mentioned “strange activity” on Coinbene in his Twitter. Schteringard cites users who claim that their wallets were hacked employing two addresses. He additionally 'added' that the leading portion of antecedently unknown MaximineCoin [MXM], is concerned in transactions. MXM has seen gains of over 700% per this month, he 'added'.

However for now, Coinbene has not responded clearly to the ongoing buzz within the community.

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