Post
Topic
Board Altcoin Discussion
Re: KUCOIN Hacked
by
Malam90
on 26/09/2020, 12:28:46 UTC
Singapore-based cryptocurrency exchange KuCoin today underwent a hot wallet hack, hacker managed to bring in about 157 million dollars, but luckily kucoin cold wallet is safe and all hacked funds will be completely replaced by kucoin.

Once again, cybersecurity is MANDATORY in the current crypto environment

Hacker wallet https://etherscan.io/address/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23
source https://www.kucoin.com/news/en-kucoin-security-incident-update

I am a trader at Kucoin and i have checked my funds are safe. Kucoin team immediately locked deposit and withdraw but now the old word "Cyber Security" is must needed but where is that security? Probably there is no security yet that can prvent hack. As an investor, i always feel any time my tokens or balance can be hacked if exchange hacked.