People say:
"Not your keys, not your bitcoin"
"Not your keys, not your crypto"
This is true not only for bitcoin, but also right for altcoins.
The statement is always true. The latest hack on Kucoin is another reminder for people who store all capital on exchanges.
Not your keys, not your Crypto Kucoin Hacked! $150m Stolen. Cryptocurrency Exchange KuCoin Hackedhttps://twitter.com/kucoincom/status/1309689557206491137 (you can follow-up the hack and security improvement progresses on Kucoin's Twitter[/url]
(1/4) We detected some large withdrawals since Sep 26 at 03:05 UTC+8. According to the latest internal security audit report, part of BTC, ERC-20 and other tokens in KuCoin's hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings