In response to a recent security breach, cryptocurrency exchange CoinEx introduced a new wallet system and pledged a stronger commitment to security after hack. The breach, which took place on September 12, was linked to compromised hot wallet private keys. CoinEx ensured a 100% full compensation of affected users' funds and resumed withdrawals within nine days. Additionally, the exchange set up CoinEx Risk-Prevention Funds and enhanced communication with its users. The response has been positively received, with industry peers considering a similar approach in solving such incidents.