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DragonEx a major crypto exchange has been hacked

Barely four months into the new year, the list of crypto exchanges that have been breached keeps growing. DragonEx is the latest major crypto exchange to suffer this fate according to an official post made earlier today.

The announcement was made through the exchange’s official Telegram channel and read

“On March 24th, DragonEx encountered attacks from hackers, our users crypto assets and platform crypto assets were transferred and stolen. Part of the assets were retrieved back, and we will do our best to retrieve back the rest of the stolen assets. Several Judicial administrations were informed about this cybercrime case including Estonia, Thailand, Singapore, HongKong, etc. and we are assisting police officers in doing an investigation. All platform services will be closed, and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take responsibility no matter what.”

Since the message was released about seven hours ago, there hasn’t been much communication from the Singapore based crypto exchange. Also, the Twitter handle of the exchange has been temporarily restricted due to “some unusual activity from the account.”

Cryptoline News has tried to reach the DragonEX team for further comments on the situation but as of press time, we are yet to get a response.

It is also not entirely clear the extent of the damage as this has also not yet been specified by the exchange and we will have to wait for a response from the platform.

DragonEx Official Telegram Account

This hack comes just two months after another major exchange, Cryptopia was breached with the hackers managing to get away with tokens worth $3.2 million at the time.

Just like it has become custom these days, Cryptopia initially told its users that it was undergoing unscheduled maintenance and even issued several updates before reporting the incident.

What’s your take on DragonEX, the latest major crypto exchange to fall victim to hackers? Share your thoughts in the comment section below.


Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

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