KuCoin Exchange hacked

And the story to be continued - KuCoin lost $150M (estimated $500M)

KuCoin confirmed the hack attack and stated that roughly $150 million in BTC and ERC20 tokens were taken but they did promise to cover the losses from the users’ funds. The KuCoin crypto exchange got hacked a few hours ago despite touting itself as the “most advanced and secure crypto exchange to purchase and sell Ethereum, Bitcoin, Litecoin, USDT, TRON, NEO, KCS, XRP and more.”

This shows there is no security. For those who hold Bitcoins there maybe it is a lesson to learn: No keys - No Coins. And the rest of them? Never stop learning ;)

Read the full article here


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