Find the KuCoin hackers who stole $ 281 million in digital currencies
The cryptocurrency market had eventful days at the end of September and beginning of October.
Notable events included the hacking of the KuCoin cryptocurrency exchange and stealing $ 281 million in value.
However, the latest news reports indicate that the hackers have been found.
Chirp "Johnny Liu" chief executive platform KuCoin yesterday to the effect:
After a thorough investigation, we found the suspects of a KuCoin security breach with solid evidence at hand.
Law enforcement and police officials formally take action.
The breach happened on September 26, KuCoin reported that the hackers used a leaked private key to gain access to the platform's wallets.
It also told and confirmed the KuCoin platform on more than one occasion that it has sufficient funds in the bank to cover all its losses.
After the hack, cryptocurrency projects either freeze or render most of the stolen coins worthless.
Several teams have updated blockchains to achieve this.
Liu said that $ 204 million worth of cryptocurrencies, or 72% of all stolen coins, are out of hackers ’control.
The platform's hackers have sold at least $ 13 million in cryptocurrencies through decentralized trading platforms.
In a live broadcast on September 30, Liu explained :
With the staff now 3 years old, and although we had no hesitation in resolving security issues, we were unable to avoid the latest event.
The KuCoin platform, after temporarily halting deposits and withdrawals after the hack, reopened its doors.
https://twitter.com/lyu_johnny/status/1312359615091277824?s=19
Currently, the KuCoin platform supports deposits and withdrawals for 31 digital currencies, although Bitcoin, Ethereum and Tether (USDT) are not among them.
This is the reason is good not to leave all your money on a central exchange.