The CoinBene cryptocurrency exchange announced in a tweet on Wednesday that its ongoing maintenance is a security upgrade to protect customers and partners. Today’s announcement came after some users had expressed suspicions that the exchange had suffered a hack. CoinBene apologized for its lack of clarity and explained its maintenance goals:
“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’ assets.”
The company also declared that all user assets on the platform are “100% secure” and that any potential losses would be fully compensated. In addition, it promised that its security team is continually monitoring potential anomalies and will provide warnings promptly to help users avoid risk.
In a separate twitter response to a user, CoinBene confirmed that deposits for Bitcoin, Ethereum, and Tether have been restored.
CoinBene has been mentioned in recent reports questioning unregulated exchange trading volumes. Analysis from Bitwise had reportedly pointed to suspicious trading at the exchange, suggesting that much of that activity may be fake.