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Singapore-based cryptocurrency exchange KuCoin discloses hack that emptied its hot wallets, with the minimum loss currently estimated at $150M

KuCoin said an intruder drained all its hot wallets today.  —  Singapore-based cryptocurrency exchange KuCoin disclosed today a mega hack.

ZDNet Catalin Cimpanu

Discussion

  • @mycrypto @mycrypto on x
    UPDATE FROM @KUCOINCOM: “We detected some large withdrawals since September 26, 2020 at 03:05:37 (UTC+8). Please rest assured that if any user fund is affected by this incident, it will be covered completely by KuCoin and our insurance fund.” https://www.kucoin.com/...
  • @panama_tj Panama Crypto on x
    That took long, so far exchanges have not dropped the ball on security on 2020 until now. Ugly duck Kucoin got hacked. https://decrypt.co/... https://twitter.com/...
  • @rubenmerre Ruben Merre on x
    Kucoin, the 6th most secure exchange in the world according to @cer_live, has just been hacked for $150M. We're heading into 2021, yet exchange hacks & security remain a huge issue. If you think you're safe, think again. Get a #coldwallet! #OwnYourAssets https://decrypt.co/...
  • @cryptorank_io CryptoRank Platfrom on x
    📣 Good news! According to the recent post of @Kucoincom any user fund affected by the last incident will be covered completely by Kucoin and its insurance fund.💰 👉 https://www.kucoin.com/... https://twitter.com/...
  • @kucoincom Kucoin on x
    The Latest Updates about #KuCoin Security Incident ✅ @VIDT_Datalink will freeze the $VIDT that were transferred to the suspicious address ✅ @SilentNotary will re-issue new $SNTR, and replace all affected tokens We will continuously update the progress: https://kucoin.com/... http…
  • @250smurf Taylor Kennedy on x
    As long as there are locks, there will be people trying to pick them. 👉Hardware Wallets (I like Ledger Nano), MetaMask, and safe practices. Take the time to learn them. The threats are real and out there - it's on you to keep your funds SAFU. https://decrypt.co/...
  • @lukso_io Lukso on x
    . @kucoincom is actively working in controlling the damage. The KC team informed us: 1. The funds affected contain a small part of their total assets holdings 2. If any user fund is affected by this incident, they will be covered completely by KuCoin and the insurance fund https:…
  • @dgwbirch @dgwbirch on x
    Help! I want my anonymous untraceable electronic money back part 97: KuCoin https://decrypt.co/... hat tip @chainyoda
  • @akropolisio Akropolis on x
    In response to the recent @kucoincom Security incident, we paused all the transfers of $AKRO. More updates to follow shortly. Don't try to transfer tokens or swap on DEXes. CEXes trading working fine. https://twitter.com/...
  • @kucoincom Kucoin on x
    In response to the recent KuCoin Security Incident, KuCoin Global CEO Johnny Lyu @lyu_johnny hosted a livestream at 12:30 (UTC+8) on September 26, 2020, and announced more updates regarding the incident. Read the full recap of the livestream here: https://www.kucoin.com/... https…
  • @ourielohayon Ouriel Ohayon on x
    So the promised refund seems to be only in the cold wallet. Not the hot wallet (where the hack happened). Crypto Insurances (if they have one) typically cover only cold wallets. That's what “we are insured” usually means In other terms. You are in trouble https://twitter.com/...