Quote from: TeraBite on Today at 08:28:03 AM

Quote from: Fesatmas on September 26, 2020, 03:44:56 PM

Quote from: sukoyomi on September 26, 2020, 11:44:04 AM

Quote from: gembira on September 26, 2020, 07:08:08 AM

Btw: Kucoin was hacked today (150 mln were stolen) and 8 mln $ worth UTK token were stolen too (54.9 mln tokens)

https://etherscan.io/address/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

Yeah I've heard it, it's really messy. With the large number of tokens that the hacker got from Kucoin hot wallet, I think in the near future there will be many tokens that will experience a price decline, especially UTK token. But I heard that the CEO is going to do something for user funds.

Currently there is still no significant decline after the news about the hack from KuCoin which has been successfully stolen from the market, but surely in the future, the hack will sell the tokens that have been obtained and this will have a very bad impact if he makes a sale blindly.

Actually that is problem with centralized exchanges to keep funds there even Kucoin claimed all funds are insured and no need to get worry about this. But I also agreed with you it could break the ongoing momentum and some people will get chance to buy this toke on discount price even the hacker's address is under the observation so let's see how they will be get succeed to make recover this.

I heard this hack incident, but according to this thread's OP.

Quote from: reza7777 on September 26, 2020, 11:14:32 AM

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

Good if they refunded all the affected account but they lose a lot in this hack incident, that's another hit on their reputation, hopefully they can recover from this.