CoinBene

CoinBene operates as a cryptocurrency exchange, providing a platform for the trading of digital assets. The company’s headquarters is situated in China. As an exchange, it facilitates the buying and selling of various cryptocurrencies for its users. The service is designed to allow participants to engage in market transactions involving blockchain‑based tokens. While the specific range of supported assets or user demographics is not detailed in the available sources, the core function of the entity centers on enabling cryptocurrency trade. The organisation’s presence in the sector is defined by its role as a venue for digital asset exchange.

On March 24, 2019, CoinBene publicly disclosed that it had experienced a security breach. Industry observers estimated that the incident resulted in financial losses exceeding forty‑five million dollars. In response to the disclosure, the exchange placed its platform into maintenance mode to conduct an investigation and to implement infrastructure improvements. During the breach, unauthorized transfers of funds were detected, although the precise method or attack vector employed has not been specified. The investigation received assistance from authorities across multiple jurisdictions, highlighting the cross‑border character of the event. The breach served to underscore existing vulnerabilities within digital asset platforms more broadly. Consequently, the exchange faced operational disruptions and users suffered losses of their held funds. CoinBene has not issued an official statement confirming the total magnitude of the impact. The incident was reported by outlets such as Zdnet, drawing attention to the risks associated with cryptocurrency trading services.