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 money has been send to the following wallet, which you can track via the link below:
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.
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.
Locations where they usually posts statements
Location where you can find their change logs
Are the funds backed in case of a hack?
Security incident announcement by KuCoin