Home / Business / KuCoin hack closer to $ 200 million as the team releases more “suspicious addresses”

KuCoin hack closer to $ 200 million as the team releases more “suspicious addresses”



When the KuCoin cryptocurrency exchange was hacked yesterday, reports circulated that hackers were consuming $ 150 million worth of cryptocurrency from the exchange. Today KuCoin published more “suspicious addresses”.

Should the assumptions about these “suspicious addresses” change, the damage so far is closer to 200 million US dollars. Here is the breakdown:

$ 153 million in ETH and ERC-20 tokens.

1,008 Bitcoin ($ 10.8 million).

26,733 LTC (1.2 million).

1

8,495,798 XRP ($ 4.5M).

14,713 BSV (2.2 million USD).

9,588,383 XLM ($ 705,522).

228,952,838.064073 in TRX-based tokens ($ 6.3M).

Tether (USDT) worth $ 14 million for the EOS and Omni blockchain.

Singapore-based exchange CEO Johnny Lyu said on a livestream this morning that the loss, which amounts to approximately $ 193 million, is only a “small fraction of our total assets” and that the team is “at the List works “and” rating of the total value. ”

“We are in contact with many major crypto exchanges such as Huobi, Binance, OKEx, BitMax and Bybit, as well as blockchain projects, security agencies and law enforcement agencies to work on. Some effective action has been taken and we will provide more details shortly, ”said Steph Burwell, administrator of KuCoin Telegram Group.

KuCoin has told its customers that it will reimburse losses with its insurance fund. Deposits and withdrawals are expected to be reactivated within a week – halted to keep the hackers from stealing more money.

Since July, the exchange has enabled cryptocurrency trades valued at $ 100 million to $ 412 million every day. according to to the metrics site CoinGecko.


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