Hackers Hacked KuCoin Exchange Twitter Account

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Attackers hacked the Twitter account of the KuCoin cryptocurrency exchange, as a result of which some users may have suffered fromPhishing.The exchange's technical support has already restored access to the account.

KuCoin technical specialists wrote toTwitter that the exchange's account was compromised for approximately 45 minutes. Hackers published fraudulent links and messages, which could lead to the loss of crypto assets for several users. There were 22 Ether and Bitcoin transactions totaling $22,628 associated with fraudulent tweets. KuCoin management has promised to fully reimburse all confirmed asset losses that occurred due to the hacking of a social network account.

Technicians reported thatimmediately made efforts to regain control of the account and assured that client assets on KuCoin were safe. To prevent further user losses, KuCoin technical support checks and blocks suspicious addresses.

In addition to the current two-factoridentification, the KuCoin team will take additional security measures to enhance the protection of its social media accounts. The exchange is investigating this incident to prevent similar incidents in the future.

Please note that KuCoin is under scrutinyattention of American regulators. In March, New York State Attorney General Letitia James sued the exchange, accusing it of failing to register as a commodities and securities broker-dealer.