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Hack history / 2019 / Hack or exploit

Coinbene

Hack or exploit on Mar 25, 2019 · Improper Access Control

SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$40M
sources: $40M to $45M
Returned
none listed
as the sources state it
Rank
#133
among thefts by dollars lost

What happened

Coinbene hot wallet was compromised and all ERC-20 tokens were drained to unknown addresses. The exchange downplayed the incident as routine 'maintenance' while customer assets were transferred out.

Details

Date
Mar 25, 2019
Kind
Hack or exploit
Method
Improper Access Control
How in
Smart contract bug
Target
Centralized exchange
Chains
Ethereum

Reported by

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Kraken 2019 · Hack or exploit · $10.4M
Bitrue 2019 · Hack or exploit · $4.7M
Cite this pageSwanBluechip, "Coinbene hack, Mar 25, 2019: $40M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htdbba181f11/ (data as of 2026-10-31).
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