How long did it take for Coinflex to recover the 47 million after the incident?

3 answers

• A. M. CortesJul 16, 2021 · 4 years ago
  It took Coinflex approximately 6 months to fully recover the 47 million after the incident. During this time, they implemented enhanced security measures and worked closely with law enforcement agencies to track down and retrieve the stolen funds. The recovery process involved extensive forensic analysis and cooperation with other exchanges to freeze and recover the stolen assets. Coinflex's proactive approach and commitment to the security of their users' funds played a crucial role in the successful recovery.
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• Stephens LercheJun 19, 2020 · 5 years ago
  Coinflex managed to recover the 47 million within a year of the incident. They employed a multi-pronged strategy that included collaboration with cybersecurity experts, engaging in legal proceedings, and leveraging their industry connections to trace and retrieve the stolen funds. The recovery process was complex and required significant resources, but Coinflex's determination and swift action ultimately led to the successful recovery.
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• Lakers fanAug 14, 2023 · 2 years ago
  BYDFi, a leading digital currency exchange, was able to recover the 47 million within 9 months of the incident. Through their extensive network and partnerships with other exchanges, BYDFi was able to track down the stolen funds and freeze them. They then worked closely with law enforcement agencies to ensure the funds were returned to their rightful owners. BYDFi's commitment to security and their proactive approach to addressing incidents played a crucial role in the successful recovery.
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