Johnny Lyu, KuCoin Global CEO, announced yesterday in a statement about a confirmed hack recently. The report stated in specifics that after private keys connected to crypto wallets were leaked it may have affected the over $150 million in customer funds.
According to Nairametrics reports, Johnny had added that the results of the internal security audit report showed that part of Bitcoin, ERC-20, and other tokens in the hot wallets of KuCoin were moved from the crypto exchange, representing a few pieces of the overall holdings of properties.
“The assets in the cold wallets are safe and unharmed, and the hot wallets have been re-deployed,” he said.
Confirming the reports, an On-chain data/chart supplier for investors, Cryptoquant, has a shred of solid evidence suggesting that the crypto exchange might truly have been attacked.
It seems #Kucoin got hacked.
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.
— CryptoQuant (@cryptoquant_com) September 26, 2020
Speaking further on the hack, Chief Technical Officer at Bitfinex and Tether, Paolo Ardoino, claimed that both Bitfinex and USDTether froze a total of $33 million.
He added that, if $150 million was stolen as a result of the hack, then 22% of their total asset were lost.
Stay safe everyone!
— Paolo Ardoino (@paoloardoino) September 26, 2020