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Cryptocurrency Ecosystem => Coins & Tokens By Exchanges => KuCoin Shares (KCS) => Topic started by: Sharpmax on September 26, 2020, 09:52:51 AM

Title: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: Sharpmax on September 26, 2020, 09:52:51 AM
KuCoin Reports Hack as $150M Funds Moved Out of Exchange
KuCoin, one of the largest crypto exchanges, was hacked on September 26. The exchange has not revealed the exact information about this hack but it is specified that around $150 million funds have been moved out of the exchange in this hack. All the funds have been transferred to an...

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Title: Re: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: Oxumare on November 13, 2020, 08:59:19 AM
Kucoin recovered 84% of stolen funds..Some crypto coins are still closed for deposit or withdrawal transactions, withdrawals and deposits can be made for more than 170 tokens.But in the short term, Kucoin did not go into operation and victimize its users.
Title: Re: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: hair on November 15, 2020, 07:40:26 PM
Quote from: Oxumare on November 13, 2020, 08:59:19 AM
Kucoin recovered 84% of stolen funds..Some crypto coins are still closed for deposit or withdrawal transactions, withdrawals and deposits can be made for more than 170 tokens.But in the short term, Kucoin did not go into operation and victimize its users.
where did Kucoin get the funds to recover the stolen crypto? trading fee?
Title: Re: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: Oxumare on November 16, 2020, 11:43:07 AM
Quote from: hair on November 15, 2020, 07:40:26 PM
Quote from: Oxumare on November 13, 2020, 08:59:19 AM
Kucoin recovered 84% of stolen funds..Some crypto coins are still closed for deposit or withdrawal transactions, withdrawals and deposits can be made for more than 170 tokens.But in the short term, Kucoin did not go into operation and victimize its users.
where did Kucoin get the funds to recover the stolen crypto? trading fee?

Tether saved part of it.They made swap transactions in other projects.They blacklisted their hacker addresses.As far as I know, some projects have frozen the tokens in those addresses.
Your question is wrong.
Token projects  they even interfere with tokens in our wallet,Can't they do this to our wallets tomorrow ?
Title: Re: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: pokxon on December 01, 2020, 10:45:02 PM
I think this exchange coped with the attack badly, there was a cool opportunity to buy a cheap KCS token! They will restore the conclusions, figure out who leaked the keys and everything is in order - this will only increase the authority of Kucoin!
Title: Re: KuCoin Reports Hack as $150M Funds Moved Out of Exchange
Post by: MOProgress on December 14, 2020, 10:26:00 PM
Sad story,I was sure that the KCS token with the launch of Kuchain will cost more than$3,but as always everything went wrong and the exchange has new problems!