KuCoin hacked: 150m send to unknown wallet

Investors in KuCoin are stating that KuCoin has been hacked, the investors noticed a big transaction of 150million dollars in KuCoin being send to an unknown wallet.

What is KuCoin

KuCoin is a crypto-trading platform which also has their own coin called KuCoin.

The wallet

The money has been send to the following wallet, which you can track via the link below:

https://etherscan.io/address/0xeB31973E0FeBF3e3D7058234a5eBbAe1aB4B8c23

CryptoQuant states that

Usually, after being hacked, the BTC outflow increases rapidly and then becomes zero. Since 20:00 UTC on September 25th, the outflow has continuously been zero.

KuCoin

The administrators behind KuCoin claim that they will come with a statement soon, as users have been locked out of their KuCoin wallets and are unable to perform any transactions.

Admin messages

Locations where they usually posts statements

https://www.kucoin.com/news

Telegram channel

https://t.me/Kucoin_Exchange

Location where you can find their change logs

https://www.kucoin.com/news/categories/change-log

Are the funds backed in case of a hack?

https://www.kucoin.com/news/en-kucoin-partners-with-onchain-custodian-to-get-its-funds-backed-by-insurance

Security incident announcement by KuCoin

https://www.kucoin.com/news/en-kucoin-security-incident-update

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