CoinEx Exchange Closure (September 2026)
Incidents are rated for severity, not trust. The trust score is on CoinEx.
Summary
On September 15, 2026, CoinEx founder Yang Haipo announced the permanent wind-down of the CoinEx centralized exchange after nine years of operation, citing prolonged market downturns, declining trading volumes, and rising regulatory compliance costs. The exchange has published a phased closure schedule ending December 22, 2026, after which unclaimed balances will move to private custody subject to a 5% monthly fee. This incident page covers the shutdown event and its user-impact risks; a separate corpus entry covers CoinEx's broader operational history.
Connected Entities
5 entities · 60 linked investigations- CoinEx Exchange Closure (September 2026)→mentioned with→ZachXBT(60%)
- CoinEx Exchange Closure (September 2026)→mentioned with→BitMEX(65%)
- CoinEx Exchange Closure (September 2026)→mentioned with→CoinEx(80%)
- CoinEx→mentioned with→ZachXBT(80%)
- CoinEx Exchange Closure (September 2026)→mentioned with→North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaign(80%)
- CoinEx→mentioned with→North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaign(80%)
- ZachXBT→mentioned with→North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaign(80%)
Connected Through
4 shared actors · 475 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □ZachXBTorganization
- □North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaignorganization
- □BitMEXorganization
- ♦CoinExtoken
10 submissions awaiting moderator review.
Timeline(11 events)
1 February 2023
New York Attorney General Letitia James files enforcement action against CoinEx for operating as an unregistered securities and commodities broker-dealer in New York.
NY AG Press Release15 June 2023
CoinEx settles with the New York AG: $1,172,971.50 in investor refunds to 4,691 users plus $600,000+ in penalties; required to geoblock New York users and exit U.S. market.
NY AG Press Release12 September 2023
CoinEx detects anomalous withdrawals from multiple hot wallets. Attackers, subsequently attributed by on-chain analysts to North Korea's Lazarus Group, drain approximately $70 million across multiple blockchain networks via compromised private keys.
CoinTelegraph22 September 2023
CoinEx publishes updated status of the September 12, 2023 hack, confirming losses and pledging full user compensation.
CoinEx Official Announcement12 June 2026
CoinEx publishes Proof of Reserve update showing approximately $528 million in total assets under custody and reserve ratios exceeding 100% across major tokens.
GlobeNewswire15 September 2026
CoinEx founder Yang Haipo announces permanent wind-down of CoinEx exchange, citing prolonged market downturn, declining trading volumes, and rising regulatory costs. New registrations and referral rewards halted immediately. Futures positions moved to reduce-only mode.
CryptoTimes22 September 2026
All non-spot services cease: margin trading, crypto loans, staking, Earn products, and futures close. Most on-chain deposit addresses disabled. ViaBTC Auto Withdrawal to CoinEx feature halted.
CoinCodex29 September 2026
Spot trading ends. All unfilled orders automatically canceled. CoinEx Smart Chain and OneSwap decentralized platform close. Remaining CET tokens in user accounts automatically repurchased at $0.005 USDT.
CryptoTimes22 December 2026
Final user withdrawal deadline at 02:00 UTC. Any USDT remaining in accounts after this date moves to independent custody subject to a 5% monthly fee.
CoinCodex22 August 2028
Final deadline for users to submit custody claims for unclaimed USDT via support@coinex.com. No further claims are accepted after this date under terms as announced.
CryptoTimesDecision Log
- slot 447519724 · hash 4Hf1gPFog6AVNrq9yW6YnjdsnSMucFWAwNepAfumwNTj
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 18 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/16/2026, 12:12:10 PM
last updated: 9/16/2026, 12:12:11 PM
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