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Home Decrypt News Cryptocurrency Exchange KuCoin Likely Hacked: Reports

Cryptocurrency Exchange KuCoin Likely Hacked: Reports

KuCoin, which touts itself as “the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more” apparently has been hacked.

Cryptoquant noticed that the Bitcoin on the Kucoin exchange left quite quickly and then went to zero. “Since 20:00 UTC on September 25th, the outflow has continuously been zero.”

Telegram messages indicate that users should not withdraw or deposit funds at the moment, “given the situation.” It claims that “transactions are simply pending.”

According to data from CoinMarketCap, KuCoin, based in Singapore is the 16th-most-popular crypto spot exchange when taking into account trading activity, traffic, and volume. It’s responsible for $112 million in volume over the last 24 hours.

(This article will be updated as more information becomes available.)

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