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

KuCoin hack approaches $ 200 million as team releases more “suspicious addresses”



When cryptocurrency exchange KuCoin was hacked yesterday, reports circulated that hackers drained $ 150 million worth of cryptocurrency from its exchange. Today, KuCoin has posted more “suspicious addresses”.

If his insights into those “suspicious addresses” were to verify, the damage so far is closer to $ 200 million. Here is the breakdown:

$ 153 million worth of ETH and ERC-20 tokens.

1,008 Bitcoin ($ 10.8 million).

26,733 LTC (1.2 million).

1

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

14,713 BSV ($ 2.2 million).

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

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

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

The CEO of the Singapore-based exchange Johnny Lyu said in a live stream this morning that the loss, which amounts to approximately $ 193 million, constitutes only a “small portion of our total assets” and that team is “working on the list” AND “evaluating the total value”.

“We are in contact with many major cryptocurrency exchanges such as Huobi, Binance, OKEx, BitMax and Bybit, as well as blockchain projects, security agencies and law enforcement agencies to work on this. Some effective measures have been taken and will soon update with more details, “said Steph Burwell, administrator of KuCoin’s Telegram group.

KuCoin has told its clients that it will pay back any losses with its insurance fund. It expects to reactivate deposits and withdrawals, interrupted to prevent hackers from stealing more money, within a week.

Since July, the exchange has facilitated anywhere from $ 100 million to $ 412 million in cryptocurrency exchanges every day, second to the metrics site CoinGecko.


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