Kucoin Exchange Hacked

[Hometown]

We already got another sad news kucoin hacked, but happy news that they hacked main account but not any investors or traders accounts. They will refund the hacked money among the holders and traders.

[trauchot]

As we can see, any cryptocurrency exchange can be hacked, and this is of course very bad, so we cannot store our money on any cryptocurrency exchange, but most importantly, it is good that at least all the stolen money will be returned by the exchange itself.

[Btceth01]

This is the saddest thing.  I do not understand how all these exchanges are hacked.  Because all these exchanges have so much security, how can they be hacked even after that.  Exchange I have a lot of dollars.  Will I get all these coins recovered again?

[Renampun]

this news will be very hot in the next 1 week...
this problem will definitely affect users' trust in kucoin, hopefully they can rise up like Binance.

[pelana vreo]

KuCoin speaks of a security problem - the term hack has not yet been used. Investors can stay relaxed for the time being, because according to KuCoin the exchange is insured for such a case.

I think this situation is almost similar to Binance when it was hacked, they have a special fund to return the funds of investors and traders if the hacked wallet is the wallet of every user.
There will always be loopholes for hackers to get into the security systems of crypto exchanges. I always hope this will improve the security system of a hacked exchange.

[Cryptoz]

~They will refund the hacked money among the holders and traders.

Yep, don't be afraid if your coins/tokens were stolen as well, Kucoin teams agreed to take responsibility of this hack. They will pay the token/coin holders as the number of stolen assets. We must appreciate what the Kucoin teams are trying to do. The holders are lucky enough that the teams want to take responsibility.