Exchange record
CoinEx
Global centralized cryptocurrency exchange founded by Haipo Yang on December 24, 2017, now in an orderly wind-down after announcing that the exchange platform will cease operations on December 22, 2026.
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Summary
Global centralized cryptocurrency exchange founded by Haipo Yang on December 24, 2017, now in an orderly wind-down after announcing that the exchange platform will cease operations on December 22, 2026.
Timeline
Haipo Yang founded CoinEx on December 24, 2017 as a centralized cryptocurrency exchange.
CoinEx agreed to pay about $1.8 million and be banned from operating in New York to resolve a lawsuit brought by the New York Attorney General alleging illegal unregistered operations in the state.
CoinEx detected anomalous withdrawals from hot wallets on September 12, 2023 and later stated that the incident was caused by leakage of a hot-wallet private key.
CoinEx announced that it would cease operations through a staged wind-down: new registrations and new non-spot subscriptions/orders stopped on September 15, non-spot services were scheduled to cease on September 22, spot trading and CoinEx Smart Chain / OneSwap on September 29, and the exchange platform after the withdrawal window on December 22, 2026.