Post
Topic
Board Altcoin Discussion
Re: KUCOIN Hacked
by
ven7net
on 26/09/2020, 17:19:52 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

Of course, this is very bad news for the crypto community and once again forces us all to think about protecting our funds and personal data. But the fact that one of the major cryptocurrency exchanges was hacked makes us look for other more reliable trading platforms. I believe that the administrations of crypto exchanges need to devote more time to security, since this is very important now.