Shortly after the KuCoin hack, Team Tether announced that it had frozen $33 million in stolen funds.

Of that amount, $20 million (USDT) was based on the Ethereum blockchain, and Tether recently also froze $1 million of Tether based on the Omni network and another $1 million on the Tron network.

The action taken by Tether to freeze the stolen funds has been followed by many other crypto projects built on the Ethereum blockchain.

This prevents hackers from taking advantage of the stolen digital currencies.

Ethereum projects resort to freezing cryptocurrencies affected by the KuCoin hack:

Below is a list of Ethereum projects that are working quickly to cancel the stolen ERC20 cryptocurrency from the KuCoin platform.

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The Ocean Protocol project initially paused smart contracts and decided to implement a hard fork at block 10,943,665 on the Ethereum network to freeze $8.6 million in stolen OCEAN coins.

The Ethereum-based “Orion” project that manages the cryptocurrency (ORN) decided to “swap” and swap 1:1 starting at block 10,939,462 thus invalidating approximately $8.5 million in stolen coins.

Project Covesting has frozen its cryptocurrency (COV) coins linked to the hacking of cryptocurrency exchange KuCoin.

The SilentNotary project will reissue the new SNTR coins.

The Crypterium project team has sent an email to project coin holders advising them not to interact with stolen CRPT funds.

Projects other than Ethereum projects take similar actions:

In addition to the projects based on Ethereum, several other network-based projects were affected by the “KuCoin” hack and decided to take similar actions from freezing and exchanging stolen currencies, among these projects we find:

The “VELO Labs” project built on the “Stellar” network is invalidating all (122 million) VELO coins affected by the hack of the “KuCoin” platform.

The “Kardian Chain” will perform a 1:1 swap to protect KAI holders from being affected by the hack.

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The total amount stolen rose to $203 million, after initial reports had indicated the theft of $150 million.

Below is a list of new addresses for Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin SV, Stellar, Tether, and Tron, which were posted by KuCoin and reported to be related to the hack.

Ethereum: 0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

BTC: 1NRsEQRg5EjmJHbPUX7YADVPcPzCQBkyU7

12FACbewf5Fy9nmeaLQtm6Ugo5WS8g2Hay

1TYyommJW3uhjhcnHhUSuTQFqSBAxBDPV

Read:Cryptocurrency exchange Livecoin hacked after losing control of its servers

LTC: LQtFoidy5TmLrPP77MZzgMRffqPsmRfMXE

XRP: r3mZvvHVLPtRWAujzBsAoXqH11jhwQZvzY

BCHSV: 15mC7zKbLyErSKzGRHpy6gyqS7GyRpWjEi

XLM: GBM3PJWNB5VKNOFXCDTTNXPMUNBMYTLAAPYDIIKLHUGMKX7ZGN2FNGFU

USDT: 1NRsEQRg5EjmJHbPUX7YADVPcPzCQBkyU7

TRX: TB3j1gUXaLXXq2bstiSMfjQ9R7Yh9DdDgK

Through the reaction of recent crypto projects to the hacking of the “KuCoin” platform, it can be said that there is maturity in dealing with theft and hacking operations, represented in freezing stolen currencies and doing swap operations to prevent users from being harmed, as well as preserving the value of the currency from collapsing.

Read also:

Kucoin hacker heads to Uniswap to unload his loot

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