KuCoin hackers found who stole $281 million in cryptocurrency
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Answer KuCoin hackers found who stole $281 million in cryptocurrency
The cryptocurrency market had eventful days at the end of September and beginning of October.
Among the notable events was the hacking of the cryptocurrency exchange KuCoin and the theft of $281 million.
However, the latest news reports indicate that hackers have been found.
chirp Johnny Liu, CEO of KuCoin yesterday, said:
After a thorough investigation, we found the suspects in the KuCoin breach with strong evidence in hand.
Law enforcement and police officials are formally taking action.
The hack occurred on September 26, telling KuCoin that hackers used a leaked private key to access the platform’s wallets.
She has also told and confirmed to KuCoin on more than one occasion that she has enough funds in the bank to cover all her losses.
Read:New Study: Most Bitcoin and Ethereum Investors Hold Stable Coins and Use…
After the hack, most of the stolen coins were frozen or made worthless by crypto projects.
Several teams have updated the blockchain to achieve this.
Liu said that $204 million worth of cryptocurrency, or 72% of the total stolen coins, is out of the hackers’ control.
The platform hackers have sold at least $13 million worth of cryptocurrencies through decentralized exchanges.
Explained “Leo” in broadcast live On the 30th of September, he said:
Since the staff is 3 years old, and although we did not hesitate to solve security related issues, we could not avoid the last event.
KuCoin, which temporarily suspended deposits and withdrawals after the hack, has reopened its doors.
KuCoin returns to full functionality. My team and I will continue to do everything in our power to offset the impact of the accident.
As of now, a total of 31 tokens for deposit and withdrawal services have been unlocked, and more tokens including BTC dollarsAnd the ETH dollar And the USDT . dollars will follow.
Read:Full-time cryptocurrency trader gets 20 months in prison
– lyu_johnny (@lyu_johnny) October 3, 2020
Currently, the KuCoin platform supports deposits and withdrawals for 31 digital currencies, although Bitcoin, Ethereum, and Tether (USDT) are not among them.
Read also:
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