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KuCoin Hacker Moves $4.5 Million of Stolen XRP

Cardano, Tezos, And Cosmos Are Streets Ahead Of Bitcoin And XRP Technology-Wise: Weiss Ratings ⋆ ZyCrypto

September 29th 2020

The hacker responsible for the recent attack on crypto exchange KuCoin moved $4.5 million of stolen XRP tokens in one transaction today, according to Whale Alert, a Twitter bot that tracks notable crypto transfers.

A total of 18.49 million XRP—currently worth $4,500,000—has been transferred today in one fell swoop.

After arriving at their destination, the tokens were broken up into two parts—1.35 million XRP ($333,000) and 7.14 million XRP ($4.2 million) respectively—and sent on to two different crypto wallets.

Prior to this large transfer, the hacker also facilitated a series of relatively small transactions in various cryptocurrencies. In the past six hours alone, another 12 transfers from the “Kucoin Hack 2020” address have been made, ranging from $11,000 to $1.5 million of stolen assets.

Combined with the XRP transaction, the hacker has moved a total of $9.96 million in crypto today.

As Decrypt reported, cryptocurrency exchange KuCoin was hacked on September 25. At the time, the platform stated that “Bitcoin, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange”—worth around $200 million in total.

After the hack, various blockchain projects quickly reacted and froze two-thirds of the stolen assets—or at least said they would. But many funds are still slipping through the cracks.

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XRP vi.be Editor

XRP vi.be Editor

Editor at XRPvi.be, gathering information and insights about Ripple, XRP and related things from around the internet. Opinions deriving from any content do not represent ours. All content copyrights are with the original creators and holders. By clicking on the ‘source’ link you can visit the originating place of the content.

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