• CoinBene Exchange says it did not suffer an attack
• The exchange has officially assured users that their funds are safe

Contrary to rumors making the rounds, CoinBene cryptocurrency exchange now assures users that it was neither hacked nor is it trying to orchestrate an exit scam.

CoinBene alive and kicking

As reported by Blockchain Reporter on March 27, 2019, CoinBene, one of the leading cryptocurrency exchanges suspended its operations, including deposits and withdrawals for an hour.

The move triggered a wave of panic across the industry, with several  users taking to social media to express their displeasure over the exchange’s lack of communication.

“Deposits are pending for an hour is coinbene hacked ?? I think coinbene hacked that’s why without announcements you put wallets under maintenance shame on coinbene and it’s last I’m using pls try to learn from @bitforexcom how they care and maintain there users funds,” tweeted @AMurali35121543  

Shortly after that CoinBene posted a reply to @AMUrali35121543’s complaint, claiming that the temporary suspension of deposits and withdrawals was due to a system upgrade aimed at improving user experience on the platform.

However, CoinBene’s tweet did nothing to silence the rumors flying around at the time.

According to a ZDNet report on March 27, 2019, crypto expert, Nick Schteringard revealed that the exchange lost a total of $45 million due to a security breach on the platform.

CoinBene officially denies all negative rumors

In an official announcement on March 27, 2019, the exchange has denied all allegations of a heist or even an exit scam:

“With the news sent by multiple exchanges of users asset theft recently, in order to protect the rights of global users and partners, CoinBene security team took measures to upgrade the wallet immediately to help global users and partners avoid market risks and guarantee the security of all parties’ funds.”

Now, the exchange has said that the entire funds of cryptocurrency traders on the platform are 100 percent safe and peradventure any unforeseen circumstance occurs, it would refund all users accordingly.

Users have also been advised to promptly report all cases of thefts or security breach in their accounts.

Despite the official announcement, it seems the exchange is yet to resume full operations, going by the latest tweet by a trader.

Cryptocurrency exchange heists have become quite synonymous with the cryptospace due to the seemingly unregulated nature of the industry.

On March 24, 2019 Blockchain Reporter informed that DragonEx crypto exchange had fallen victim to a major heist that saw millions of dollar worth of digital assets disappear from the platform.