Dear CoinEx users,
Due to a significant exploit found in the COVER smart contract, CoinEx is planning to suspend COVER deposit and withdrawal in a designated period to ensure our users’ assets security. The details are as follows.
COVER Deposit & Withdrawal:
Close on: December 29, 2020 (UTC)
Estimated time to reopen: Depends on the progress.
Notes:
1. Trading and inter-user transfer of COVER trading pairs on CoinEx will not be affected during this period.
2. We will keep you updated if there’s any latest information.
About COVER
Cover Protocol provides peer to peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve. Cover Protocol allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, Cover Protocol will open the doors of DeFi to all investors. The long term vision for Cover Protocol is to allow anyone to buy coverage on anything.
CoinEx Team
December 29, 2020
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Announcement on COVER Deposit & Withdrawal Suspension
