The KuCoin Hack: What We Know So Far and How the Hackers are Using DeFi Protocols to Launder Stolen Funds
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Last Friday, September 25, 2020, hackers stole more than $275 million worth of cryptocurrency from KuCoin in one of the largest ever exchange hacks. Specifically, the stolen funds included:
- 1,008 BTC ($10,758,404.86)
- 11,543 ETH ($4,030,957.90)
- 19,834,042 USDT-ETH ($19,834,042.14)
- 18,495,798 XRP ($4,254,547.54)
- 26,733 LTC ($1,238,539.89)
- 999,160 USDT ($999,160)
- $147M worth of ERC-20 tokens
- $87M of Stellar tokens
At this time, we cannot disclose the whereabouts of all of the cryptocurrency we’ve tracked thus far stolen in the Kucoin hack. However, we can share that, as of 10:00 AM ET on Friday, October 2:
- The 1,008 BTC stolen in the attack is split between two addresses, with one holding 201 BTC and the other holding 807 BTC.
- The hackers have purchased and withdrawn roughly 875 BTC from centralized exchanges using altcoins stolen in the hack, including but not limited to Litecoin. Of that newly-purchased 875 BTC, roughly 683 BTC has been sent to …
- 1,008 BTC ($10,758,404.86)
- 11,543 ETH ($4,030,957.90)
- 19,834,042 USDT-ETH ($19,834,042.14)
- 18,495,798 XRP ($4,254,547.54)
- 26,733 LTC ($1,238,539.89)
- 999,160 USDT ($999,160)
- $147M worth of ERC-20 tokens
- $87M of Stellar tokens
At this time, we cannot disclose the whereabouts of all of the cryptocurrency we’ve tracked thus far stolen in the Kucoin hack. However, we can share that, as of 10:00 AM ET on Friday, October 2:
- The 1,008 BTC stolen in the attack is split between two addresses, with one holding 201 BTC and the other holding 807 BTC.
- The hackers have purchased and withdrawn roughly 875 BTC from centralized exchanges using altcoins stolen in the hack, including but not limited to Litecoin. Of that newly-purchased 875 BTC, roughly 683 BTC has been sent to …