(1/4) We detected some large withdrawals since Sep 26 at 03:05 UTC+8. According to the latest internal security audit report, part of BTC, ERC-20 and other tokens in KuCoin's hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings
https://twitter.com/kucoincom/status/1309689557206491137(2/4) We are locating the reason for the incident, and will keep you updated once it is confirmed. Please rest assured that if any user fund is affected by this incident, it will be covered completely by KuCoin and our insurance fund.
https://twitter.com/kucoincom/status/1309689634176204800(3/4) To ensure the security of users' assets, we will conduct a thorough security review. The deposit and withdrawal service will be suspended during the period. We will restore the service gradually after ensuring a safe state. We will keep you updated.
https://twitter.com/kucoincom/status/1309689810185928705(4/4) To keep you updated regarding the latest updates, our CEO Johnny Lyu will update more details through a livestream at 12:30 (UTC+8), September 26, 2020.
https://twitter.com/kucoincom/status/1309689936178638848hopefully kucoin is not the second cryptopia...
I am not surprised if it is true that KuCoin has been hacked, because there is no guarantee that it is 100% safe to store coins
on exchanges. I always store most of my coins in a hardware wallet, and only store coins on exchanges for trading only. Only
about 20% of the total coins I have are stored on the exchanges, luckily I have already withdrawn all my coins on KuCoin.
So I don't panic hearing the news that KuCoin might be hacked, I also hope that KuCoin doesn't have the same fate as cryptopia.
Let's just wait for the official news from KuCoin CEO Johnny Lyu, so we can get detailed information updates about KuCoin.