April 23, 2024

KuCoin exchange hacked and stolen $ 200 million

KuCoin exchange hacked and stolen $ 200 million

The 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 have stolen up to $ 200 million (initial estimates assumed $ 150 million).

According to KuCoin Global CEO Johnny Liu, the attack affected wallets that stored bitcoins, etherMost of them were "secure", so with the assistance ofThe exchange will be able to recover approximately 129 million tokens.The company has also asked other trading platforms to blacklist the compromised addresses of the scammers.

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