The latest storm in the Crypto Space: $150 Million USD KuCoin Hack
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The latest storm in the Crypto Space: $150 Million USD KuCoin Hack
2019 saw a record number of twelve crypto exchanges being hacked¹ and 2020 does not make any exception. As of September 25th 2020, KuCoin, a Singapore-based digital assets exchange, experienced a security breach that resulted in the loss of more than $150mil USD worth of crypto assets, making this the 4th largest crypto exchange hack to date.
As a result of the attack, two Ethereum wallets belonging to KuCoin have transferred more than 11,470 ETH to the hacker’s wallet. Also, more than 150 different types of Ethereum based tokens have been drained to the hacker wallet.
KuCoin CEO Johnny Lyu hosted a livestream at 12.30pm (UTC+8) on 26th September 2020 in order to update the community about the incident, and has been open to communication ever since. Also, the exchange has been receiving support from a great number of ERC20 projects …
2019 saw a record number of twelve crypto exchanges being hacked¹ and 2020 does not make any exception. As of September 25th 2020, KuCoin, a Singapore-based digital assets exchange, experienced a security breach that resulted in the loss of more than $150mil USD worth of crypto assets, making this the 4th largest crypto exchange hack to date.
As a result of the attack, two Ethereum wallets belonging to KuCoin have transferred more than 11,470 ETH to the hacker’s wallet. Also, more than 150 different types of Ethereum based tokens have been drained to the hacker wallet.
KuCoin CEO Johnny Lyu hosted a livestream at 12.30pm (UTC+8) on 26th September 2020 in order to update the community about the incident, and has been open to communication ever since. Also, the exchange has been receiving support from a great number of ERC20 projects …
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