Is virtual currency worth about 16 billion yen leaked from a virtual currency exchange that has been hacked on a large scale?
KuCoin, a Singapore-based crypto exchange, has revealed that a massive hack has compromised the system and leaked funds in its hot wallet . The loss from hacking is estimated to be at least $ 150 million.
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According to an official KuCoin statement, at 2:51 am local time on September 26, 2020, an unusual transaction was detected in KuCoin's hot wallet to withdraw some of the tokens of cryptocurrencies such as Bitcoin and Ethereum. It was. After that, at 3:01 am on the same day, he received an alert about the balance of the hot wallet, so he immediately shut down the wallet server, but he said that abnormal transactions had occurred even after the shutdown.
Some users have already reported on Twitter that they can no longer withdraw from KuCoin. In response to user inquiries, KuCoin responds through Telegram that 'your assets are safe' and 'we are currently investigating.'
Kucoin update, finally a response from them pic.twitter.com/dxHnfcvGaA— Loomdart (@loomdart) September 26, 2020
KuCoin's emergency response team conducted an internal security audit at 4:20 am on the same day, transferring the remaining assets from the hot wallet to the cold wallet. As a result, it was discovered that the private key of KuCoin's hot wallet had been leaked .
KuCoin has not announced the total amount of cryptocurrencies withdrawn from KuCoin's hot wallet by hacking, but already $ 4 million worth of Ethereum and $ 146 million (about 15.4 billion yen) It is known that the cryptocurrency token of (yen) has been withdrawn by someone.
FYI, these are the movements in question.— Beta.mycrypto.com (@MyCrypto) September 26, 2020
This address was sent $ 150M from KuCoin.
$ 4M worth of ETH and $ 146M in tokens in the span of a couple of hours, beginning 7 hours ago. Https://t.co/oYPKjbeYGS pic.twitter.com/k0V54CC7JD
In addition, Whale Alert, which tweeted a large-scale cryptocurrency transaction, reported that a KuCoin hacker transferred tokens of cryptocurrency Synthetix worth about $ 230,000 to someone's wallet.
⚠ 50,000 #SNX (230,263 USD) of stolen funds transferred from Kucoin Hack 2020 to unknown wallet— Whale Alert (@whale_alert) September 27, 2020
In addition, it has been observed that a large amount of Bitcoin suddenly leaked from KuCoin.
It seems #Kucoin got hacked.— CryptoQuant (@cryptoquant_com) September 26, 2020
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.
Chart: https://t.co/kHsUEzh92C pic.twitter.com/qgycevVsnT
In an urgent online press conference, KuCoin CEO Johnny Liu said, 'All the funds of the damaged customers can be covered by insurance.' Regarding the suspended deposits and withdrawals, 'All operations will be resumed within a week.' I will. '
in Note, Posted by log1i_yk