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Latest News: Kucoin Exchange Hacked

Kucoin Exchange Hacked

Kucoin exchange suffered a major attack with the withdrawal of over 150 millions dollars value in BTC and other ERC20 tokens. The exchange insure all lost will be covered by their insurance. Much appreciated, Kucoin communicated quickly on the incident, read bellow:

Over 150 millions USD lost

We detected some large withdrawals since September 26, 2020 at 03:05:37 (UTC+8). According to the latest internal security audit report, part of Bitcoin, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings. The assets in our cold wallets are safe and unharmed, and hot wallets have been re-deployed.

We are locating the reason for the incident, and will keep you updated once it is confirmed. Please rest assured that if any user fund is affected by this incident, it will be covered completely by KuCoin and our insurance fund.

Full announcement on Kucoin’s site:  Kucoin News

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