Post
Topic
Board Altcoin Discussion
Re: KUCOIN Hacked
by
Moeda
on 26/10/2020, 18:03:41 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

Large exchanges are still able to be hacked by hackers making us worried about holding money in these exchanges. The most important thing on an exchange site is their security system. To develop an exchange platform can be done by many people, but maintaining the security of the platform is difficult. Members will leave any exchange if they feel the exchange is unsafe to use.