Kucoin
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Kucoin - REKT
After what was described as an “unplanned movement of funds” on September 26th, Kucoin has reassured their users that all assets stolen in the hack will be returned and that Kucoin is fully insured for this scenario.
Kucoin originally stated that the stolen tokens had a value of at least $150m, however some are estimating the true value to be as high as $280m, as more wallets are linked to the attack. https://twitter.com/lawmaster Over the last 24 hours, the hacker has been attempting to launder the stolen money via Binance and Uniswap, selling all tokens for ETH.
The first tokens to be sold were OCEAN and SNX, where the large market sales caused the price to decrease dramatically. OCEAN sales on etherscan Ocean protocol price impact 7 day chart (Sep-27-2020 06:54:55 AM +UTC)SNX sales on etherscanSNX price impact 7 day chart (Sep-27-2020 12:52:25 PM +UTC) The hacker has gone on …
After what was described as an “unplanned movement of funds” on September 26th, Kucoin has reassured their users that all assets stolen in the hack will be returned and that Kucoin is fully insured for this scenario.
Kucoin originally stated that the stolen tokens had a value of at least $150m, however some are estimating the true value to be as high as $280m, as more wallets are linked to the attack. https://twitter.com/lawmaster Over the last 24 hours, the hacker has been attempting to launder the stolen money via Binance and Uniswap, selling all tokens for ETH.
The first tokens to be sold were OCEAN and SNX, where the large market sales caused the price to decrease dramatically. OCEAN sales on etherscan Ocean protocol price impact 7 day chart (Sep-27-2020 06:54:55 AM +UTC)SNX sales on etherscanSNX price impact 7 day chart (Sep-27-2020 12:52:25 PM +UTC) The hacker has gone on …