Post
Topic
Board Altcoin Discussion
Re: KUCOIN Hacked
by
jrrsparkles
on 26/09/2020, 16:10:16 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

Luckily i can still see my coin in kucoin. But if ever i did lose my coins i want them to be replaced by the same coin and not by bitcoin. This Kucoin hacking scare really got me.
You will get the same coins as whatever presented in your wallet

Still there is no explanation about what caused the hack but for now they suspended the trading activities and withdrawals because they are taking complete overview of their security system to identify which got exploited by hackers.