Cryptocurrency exchange KuCoin managed to identify bad actors that stole approximately $280 million in various cryptocurrencies, the exchange's head Johnny Lyu wrote on Twitter.
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According to Lyu, KuCoin has found the suspects "after a thorough investigation."
A quick update since my last livestream on Sep 30.
— lyu_johnny (@lyu_johnny) October 3, 2020
After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action.
However, Lyu declined to clarify who exactly were responsible for the losses.
KuCoin CEO also says another $64 million in cryptocurrencies are now out of the control of the suspicious addresses, bringing the total value to $204 million since Oct 1.
iHodl earlier reported that KuCoin had detected large withdrawals since September 26, 2020, at 03:05:37 (UTC+8).
According to an official blog post, the hackers managed to steal part of bitcoin (EXANTE: Bitcoin), ERC-20 and other tokens from KuCoin’s hot wallets. The exchange claims the assets in its cold wallets "are safe and unharmed, and hot wallets have been re-deployed."
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