Poor Key Management
Private key leak, hot wallet
Back in March 2019, the CoinBene cryptocurrency exchange denied that it suffered a hack but claimed to be undergoing maintenance, despite losing 109 ERC-20 tokens worth about $105 million. Crypptocurrency expert Nick Schteringard said on Twitter yesterday, that the hacker appears to have stolen roughly $6 million in Coinbene Coin and $39 million in Maximine Coin, which it later dumped on the market.
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