KuCoin customers lose over $22 000 due to the hacking of the exchange’s Twitter account
The platform’s representatives promised to reimburse all confirmed losses
24.04.2023 - 10:45
436
3 min
0
What’s new? On the night of April 23-24, hackers took over the KuCoin crypto exchange’s Twitter account for 45 minutes. After access was restored, the platform team identified 22 transactions, including in BTC and ETH. The total amount of customer losses as a result of interaction with hackers amounted to 22 628 USDT. Representatives of the exchange promised to reimburse all confirmed losses caused by fake activity on the social network.
1/ The @kucoincom handle was compromised for about 45 mins from 00:00 Apr 24 (UTC+2). A fake activity was posted and unfortunately led to asset losses for several users. KuCoin will fully reimburse all verified asset losses caused by the social media breach and the fake activity. — KUCOIN (@kucoincom) April 24, 2023
What else is known? KuCoin is currently investigating and blocking suspicious addresses. The platform’s team assured that the incident did not affect the website or other social media accounts. It has pledged to improve security to prevent similar incidents in the future.
What is known about KuCoin? The centralized crypto exchange (CEX) was founded in September 2017 and is based in Seychelles. The CEO is Johnny Lyu. The daily trading volume is $543,6 million, according to CoinMarketCap.
New York prosecutor’s office sues Kucoin for lack of state registration
Attorney General Letitia James said that the exchange violated the Martin Act, used in the state to combat financial fraud
In January, hackers hacked the Twitter account of online broker Robinhood and posted a tweet advertising the launch of the scam token RBH on the BNB Chain via the PancakeSwap decentralized exchange (DEX). And in March, the account of Circle’s senior executive Dante Disparte was exploited. The attackers promoted a fake airdrop on his behalf.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 825
BTC
+1.53%
-
Ethereum
$3 394.08
ETH
+8.17%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+24.72%
-
Dogecoin
$0.397179
DOGE
+2.14%
-
Cardano
$0.892114
ADA
+12.05%
-
Bitcoin Cash
$495.77
BCH
-0.57%
-
Polkadot
$6.23
DOT
+8.76%
-
Stellar XLM
$0.285891
XLM
+18.95%
-
Litecoin
$90.64
LTC
+4.6%