Kucoin tragedy

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4 years ago

Such a disheartening breaking news and still a disheartening loss.

KuCoin platform, victim of a hack, loses 150 million dollars.

A big blow to the cryptocurrency industry. The KuCoin exchange has just been the victim of a massive attack, causing the loss of over $157 million in cryptocurrency. 


In a statement released by KuCoin, the exchange said that they have detected significant withdrawals since September 26 at 03:05 UTC 8. 


According to the latest internal security audit report, part of the BTC, ERC-20 and other tokens from KuCoin hot wallets were transferred out of the platform, which contained only a small part of their total assets.

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