KuCoin exchange hacked and stolen $ 200 million

KuCoin cryptocurrency exchange has recorded several large unauthorized transfers of digital assets from its hot wallet to unknown addresses.

In the official announcement, the platform does not specify the amount of losses, but recent studies have shown that hackers stole up to $ 200 million (initial estimates assumed $ 150 million).

According to the CEO of KuCoin Global, Johnny Liu, the attack affected the wallets that stored bitcoins, ether and ERC20 tokens. Most of them were «safe», therefore, with the assistance of crypto projects, the exchange will be able to recover about 129 million tokens.The company also turned to other trading platforms with a request to blacklist the compromised addresses of scammers.

KuCoin exchange hacked and stolen $ 200 million

Johnny Liu also said that all user losses from hacking will be compensated by the insurance fund, and the exchange will fully resume work within a week..

test: Ivan Malichenko, photo: Shutterstock

KuCoin exchange hacked and stolen $ 200 million

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