Post
Topic
Board Altcoin Discussion
Re: KUCOIN Hacked
by
zidanw
on 04/10/2020, 21:01:03 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
Good thing that the KuCoin was able to replace the hacked amount. Even big exchanges like KuCoin was vulnerable to hacked threats what more the small exchange websites also it shows that we should be really careful of letting our coin sit in exchanges since they're the ones who are really immune to hackers.