KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

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.


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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....

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....

Freeze, pause, reboot: Projects react differently to $200M KuCoin hack

KuCoin reported at least $129M of the affected funds are ‘safe.’ Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said at least $129 million of the tokens affected in the breach and the Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets impacted were “safe” or in a position to be recovered. Though reports initially stated hackers got away with $150 million in tokens, new....

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.

Kucoin Boss on Strategy After Hack: ‘We Chose to Act’

Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack It is now close to a year since the hack, yet Kucoin remains one of the leading crypto exchanges in the world and one that is favored by many users in Africa. Kucoin’s quick recovery from the incident can be attributed to many....