KuCoin hackers keep moving stolen tokens to the largest DeFi exchange

KuCoin hackers keep moving stolen tokens to the largest DeFi exchange

Are the KuCoin hackers DeFi noobs? After a major hack at KuCoin cryptocurrency exchange, cybercriminals continue to move stolen crypto to decentralized exchanges, or DEXes.According to data from crypto transaction tracking service Whale Alert, KuCoin hackers keep sending thousands of dollars worth of Synthetix Network Token (SNX) to Uniswap — the largest decentralized finance (DeFi) protocol by total value locked.On Sept. 28, the hacker completed another batch of transactions moving stolen funds from KuCoin and to major DEX Uniswap. According to data from Whale Alert, the hackers sent at....


Related News

Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Mil...

Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has....

Hackers Drain KuCoin Crypto Exchange’s Hot Wallets

Kucoin, a Singaporean cryptocurrency exchange, disclosed that it was hacked and plans on reimbursing customers whose funds were stolen.

Ocean Protocol Forks to Retrieve Tokens Stolen From KuCoin Exchange

On Sunday, Ocean Protocol conducted a hard fork from its old token address to prevent the KuCoin exchange hacker from continued unloading of stolen OCEAN tokens on decentralized exchange Uniswap.

KuCoin hack unpacked: More crypto possibly stolen than first feared

The KuCoin hack is the first high-profile case of a decentralized exchange being used to launder stolen funds. Cybercriminals have continued to come up with new, innovative attack vectors that a lot of prominent crypto platforms are still falling prey to. For example, Johnny Lyu, the CEO of Singapore-based cryptocurrency exchange KuCoin, stated on Sept. 26 that the exchange had been on the receiving end of a major hack that resulted in the firm’s Bitcoin (BTC), Ether (ETH) and ERC-20 hot wallets being affected. Commenting on the hack, Charlie Cai, the media manager at KuCoin, told....

KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

The exchange's weekend thieves appear to be searching for buyers of their $281 million in stolen crypto.