Exchange KuCoin and KuCoin shares - page 4.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Lanatsa on September 26, 2020, 05:14:25 PM

Quote from: Febo on September 26, 2020, 12:19:06 PM

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

Its a must thing but they had already spoken that they would patch up all of those losses but I doubt that they will considering on following or rebuying those lost coins that they had.
Im not that aware on Mt.Gox problem but since you do mentioned it then they should really need to avoid it.

If they will just ignore and not buy this coins that left their wallets, then in next bullrun their loss will be so huge that no profit from tradings can ever repay it. Then at some point people that will have stored ANY coins ( not only the ones that was stolen) on Kucoin will simple end up empty handed. Even $150 million is a lot of money. They must act immediately and take a loan somewhere and rebuy all coins that was lost.

jossiel

hero member

Activity: 2842

Merit: 625

A drop after the hack.

They're still in the "planning" phase of refunding the affected customers using their cold wallet. But it should be their main concern for those users that have been affected by this hack.

Quote from: Shasha80 on September 26, 2020, 05:06:00 AM

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.

It's a real event, Kucoin has been hacked.

And what you do is right, you store it on a safer storage which is you are the one who's holding your own coins.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: Febo on September 26, 2020, 12:19:06 PM

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

Its a must thing but they had already spoken that they would patch up all of those losses but I doubt that they will considering on following or rebuying those lost coins that they had.
Im not that aware on Mt.Gox problem but since you do mentioned it then they should really need to avoid it.

Quote from: cygan on September 26, 2020, 02:03:25 PM

what gets interesting now is who is behind the whole hack, whether it was a group or a single person that invaded the kucoin system

No one can tell until there are solid proofs about hack yet in most cases all of hacks will be considered out as on external but who knows that all of these things are just dramas
to cover up the inside job.

cygan

legendary

Activity: 3122

Merit: 7618

Crypto Swap Exchange

what gets interesting now is who is behind the whole hack, whether it was a group or a single person that invaded the kucoin system

Febo

legendary

Activity: 2730

Merit: 1288

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

cygan

legendary

Activity: 3122

Merit: 7618

Crypto Swap Exchange

just some news and a recap from the last ceao livestream about the exchange hack...

https://www.kucoin.com/news/en-kucoin-ceo-livestream-recap-latest-updates-about-security-incident

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: cygan on September 26, 2020, 03:36:04 AM

Quote

(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

Quote

(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

Quote

(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

Quote

(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/1309689936178638848

hopefully kucoin is not the second cryptopia... Roll Eyes

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.

cygan

legendary

Activity: 3122

Merit: 7618

Crypto Swap Exchange

Quote

(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

Quote

(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

Quote

(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

Quote

(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/1309689936178638848

hopefully kucoin is not the second cryptopia... Roll Eyes

Soonandwaite

legendary

Activity: 1918

Merit: 1397

Kucoin was probably hacked and 150 million dollars withdrawn in crypto

https://cyberwarzone.com/kucoin-hacked-150m-send-to-unknown-wallet/

Live Stream with the CEO on youtube
https://youtu.be/nRzL0kdUnME

gartmah

member

Activity: 735

Merit: 17

KuCoin has scheduled platform maintenance on September 12 from 15:00 to 16:00 (UTC + Cool

, so there may be some interruptions during the hour https://www.kucoin.com/news/en-kucoin-push-platform-maintenance

Rrita

hero member

Activity: 670

Merit: 512

KuCoin and 5th Spotlight Project TokoinGlobal
will be launching a 50% APR staking program to celebrate KuCoinTurns3!

1. Exclusive $TOKO staking, up to 50% APR
2. Decrypt anniversary secret words to win a limited KuCoin anniversary container

for more details about this visite : https://www.kucoin.com/news/en-tokoin-anniversary-staking-enjoy-50-percent-apr?utm_source=toko
original twiiter post link: https://twitter.com/kucoincom/status/1304034472002682882

time to pump TOKO

MCobian

full member

Activity: 1190

Merit: 117

Congratulations to KuCoin exchange for its 3rd anniversary, and for those who want to get a 1,000 USDT giveaway,
just follow @kucoincom. Hopefully this year KuCoin will get even better, and there will be more profitable coins listings.
I'm sure KuCoin will do some added features, to attract many new users.

giammangiato

legendary

Activity: 1750

Merit: 1258

KuCoin is at the 3rd birthday, this is fantastic because also the community is amazing. I really like the kucoin's support because it's fast and efficient and for me it's the 50% of everything because they have my money and if I have a problem or a question they must answer fast!

Knepala

sr. member

Activity: 504

Merit: 259

I have written an article on how I accumulate KCS.

Please have a look:

https://medium.com/@sambrans/kcs-and-bitsgap-sbot-a-golden-opportunity-6dad4beb8d06

Kopiev

member

Activity: 202

Merit: 15

Starting yesterday (June 24), all users of the exchange will be able to buy cryptocurrencies through the PayPal payment system https://eng.ambcrypto.com/kucoin-p2p-fiat-market-supports-buying-crypto-with-usd-via-paypal/

sv.alyona

member

Activity: 518

Merit: 18

KuCoin announced a neutral dollar - NUSD, the buyback ratio will be NUSD = 1 USDT, they wrote in more detail about the buyback procedure on the blog
https://www.kucoin.com/news/en-kucoin-will-support-nusd-repurchase

Arkann

full member

Activity: 714

Merit: 104

Quote from: bittick on April 24, 2020, 06:15:45 PM

Quote from: ?? on ??

I bet you if Singapore really decided to look deep into the bank accounts and business registrations of all these crypto companies, they would start locking even more accounts. Just look at the IEO lists on any website, and those registered in Singapore and how many are NOT singaporeans and scammed.

Im not sure about that but singpore was locking the domain. That means kucoin can't migrate into another domain too. This is a prevention act that has already taken by the government. I have been withdrawing all of my money from there.

Kucoin is good enough to be considered as a good exchange site and why this must happen.

Judging by the official statement made by Kucoin, users don’t have to worry about whether they get hassle-free access to their account. Of course, rumors that the kucoin domain will belong to other owners raised a storm of emotions among users, but the kucoin administration said that they own three more kucoin domains. com, kucoin.io and kubi.cc, through which users can access their account. But it seems to me that the most unpleasant news is precisely that the court banned the withdrawal of Kucoin assets from Singapore, which means that the blocking still exists.

Makleyhill

member

Activity: 616

Merit: 11

KuCoin activity plan from April 27 to May 11, 2020, launch of the Video Contest contest with prize draws, shoot your video, pack your professionalism and experience in trading, thereby providing more information for beginners https://medium.com/kucoinexchange/kucoin-video-contest-41f3ed548527

mdzahed134

sr. member

Activity: 2128

Merit: 259

Vave.com - Crypto Casino

Quote from: gartmah on April 16, 2020, 03:10:28 AM

KuCoin uploaded an updated version of the uCoin app version 3.11.1 on Google Play is available for deletion
https://twitter.com/kucoincom/status/1250667851293188098?s=20

Updated version is cool and most good thing the new version fix the previous version bug, now apps is going very smoothly, i updated old one after announcement. These version i saw a new languages(hindi), i think developers should to continue all of crypto friendly countries language, hope teams will concern in that case.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

Kucoin and Kucoin share have proven to be a standard exchange over the years. We are yet to get any hack into the exchange since it was launched and that is a great reputation. The interface looks so easy and friendly for both beginners and experienced traders.

Topic: Exchange KuCoin and KuCoin shares - page 4. (Read 38663 times)