Post
Topic
Board Bitcoin Discussion
Re: Not your keys, not your Crypto – Kucoin Hacked! $150m Stolen.
by
bitsurfer2014
on 26/09/2020, 04:42:33 UTC
This problem could become worst if Kucoin don't have the financial capability or any kind of insurance to refund any lost fund that could amount to $150 million dollars, assuming the hacking incident proved successful.

Moreover, we should expect a mass withdrawal of customers assets and could be fatal to the exchange since it could result to them having diminished liquidity.

I guess it could be more wiser now to send our funds to bigger exchanges that cannot be easily shaken down by these kinds of hacks to keep our funds more secure and with a high chance of recovery.