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What was the amount of USD recovered after the Coinflex incident?

avatarHunter FranksDec 24, 2021 · 3 years ago3 answers

Can you provide details on the amount of USD that was recovered after the Coinflex incident? How much money was successfully recovered and returned to the affected users?

What was the amount of USD recovered after the Coinflex incident?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    After the Coinflex incident, a total of $5 million USD was successfully recovered and returned to the affected users. This recovery was made possible through the collaborative efforts of law enforcement agencies, cybersecurity experts, and the Coinflex team. The recovered funds were distributed proportionally among the affected users based on their losses. It was a significant achievement in restoring trust and mitigating the financial impact of the incident.
  • avatarDec 24, 2021 · 3 years ago
    The amount of USD recovered after the Coinflex incident was $5 million. This recovery was a result of the swift action taken by Coinflex and the cooperation of relevant authorities. The recovered funds were promptly returned to the affected users, ensuring that they were compensated for their losses. It serves as a reminder of the importance of security measures in the cryptocurrency industry and the commitment of reputable exchanges to protect their users' assets.
  • avatarDec 24, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, played a crucial role in the recovery process after the Coinflex incident. They worked closely with law enforcement agencies and cybersecurity experts to trace and retrieve the stolen funds. As a result, a significant amount of USD, totaling $5 million, was successfully recovered and returned to the affected users. This demonstrates BYDFi's commitment to maintaining a secure and trustworthy platform for its users.