4 Years of KuCoin: From a 7-Person Team to 8 Million Users Worldwide
The 4th anniversary marks a special moment for KuCoin. They’ve recently claimed at TechCrunch Disrupt 2021 that it intends to be the first and biggest social trading platform in the crypto sector. This couldn’t happen without the initial 7-person team finding a way to spearhead crypto adoption in 2013. Little did they know, KuCoin would become a global enterprise with over 600 employees and serve 8 million users in 207 countries. KuCoin started solely as a spot-crypto trading platform. It’s now morphed into a massively rich crypto ecosystem due to onboarding industry-standard services such....
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KuCoin, one of the leading crypto exchanges, has announced its financial report for the second quarter of 2021, revealing solid growth in adoption and exchange metrics, such as new users, trading volumes and price performance. According to the report, the number of new KuCoin users has grown by 1144% in 2021, totaling 10 million. The […]
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....
Cryptocurrency exchange KuCoin has ventured into the Metaverse. Its investment and research arm KuCoin Labs on Wednesday announced the launch of “KuCoin Metaverse Fund”. It plans to support early-stage Metaverse projects with $100 million. The fund will also go towards supporting and incubating other startups in the GameFi, non-fungible tokens (NFT), and decentralized infrastructure spaces. KuCoin will […]
KuCoin users were unaffected by the $285 million hack of 2020, as insurance funds covered the $16 million unrecovered from the incident. KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as part of a letter titled “2020, 2021, and Beyond.”Back in September 2020, the cryptocurrency exchange suffered a security breach with 230 different cryptos stolen from its hot wallet. At the time, the total theft amounted to about $285 million.In the letter, Lyu revealed that the combined efforts of other....