KuCoin Has Found The Hackers Who Stole $281 Million - page 3.

Baofeng

legendary

Activity: 2576

Merit: 1655

Did Johnny Lyu mean this guy? Grin

https://twitter.com/DeFIKING8/status/1312361093579202564

If I'm Johnny though, I will keep the info silent and not let the public know about it until they really arrested the person/group behind the attack. Let them feel comfortable sitting with their laptop and dumping it and when they least expected, police or Interpol can sweep and arrest those cyber criminals.

Flagship11

full member

Activity: 853

Merit: 144

Good news now lets hope they are persecuted to the full extent of the law.

verita1

member

Activity: 1358

Merit: 81

There is no perfect crime, investigations always come to light. Frauds are committed by an inner vulnerability in most cases. It is honestly good news that most of the affected projects could act in time preventing the hacker from getting away with it. It's a shame that the 3rd anniversary was marred by this fatal event.

I love KuCoin because it was the first exchange that I learned how to exchange tokens for other cryptos. Not everything is bad from here comes a learning and desire to improve the security system of KuCoin. Applause to CEO Johnny Lyu and the entire KuCoin team.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

Archived your thread. Can you explain briefly about below quote?

Quote from: bitcoinst on October 03, 2020, 11:22:43 AM

Download The Decrypt App.
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What doesn't mean Decrypt token and decrypt apps? Please explain to us how it's related to the KuCoin hacking issue? I am expecting an answer from you.

No doubts it's good news that KuCoin has found the hacker and going to take action against him/her. Directly copy-paste from a website and just post with a link is very bad behavior. You are just filling your weekly quota in a shortcut.

TedMosby

sr. member

Activity: 1120

Merit: 438

https://bitcointalk.org/index.php?topic=5274318.0

Quote from: bitcoinst on October 03, 2020, 11:22:43 AM

Download The Decrypt App.
Get our app for the top news and features at your fingertips. Be the first to try the Decrypt Token and much more.

You block and copy all the content including the ads dude 😂.
But nevermind.

Finally, the insurance company that covers Kucoin loss can sleep comfortly 😂

If kucoin can bounce back from this case, it can be a good portfolio for them to attract more investor. Because they have competence to solve this big case.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: pixie85 on October 03, 2020, 11:51:53 AM

I wouldn't trust the news coming from a hacked exchange 100%.

Every single crypto exchange was hacked or will be hacked in near future. Even binance/bitfinex was hacked.

https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin
https://www.coindesk.com/bitfinex-hack-bitcoin-moving

I always tread kucoin as second/third best crypto exchange. Even though volume was not representing it. Now they showed class. They limit losses from 280 mln to 80 mln at max, they were insured (so this 80 mln will most likely not even hit kucoin, they will only pay bigger fees in insurance company) and now we see that they will most likely catch hacker.

Quote from: Bttzed03 on October 03, 2020, 12:29:06 PM

Pretty disappointed with the announcement. I guess we will just have to wait until the arrest has been made before they disclose more details. It would have been better if it was announced after the suspects were already arrested.

this is what surprises me the most. Most often, the police in such a situation forbid informing the public in order not to make it easier for the criminal (not to warn him that his days in freedom are numbered, so that he would not try to run away/hide).

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

Quote from: bitcoinst on October 03, 2020, 11:22:43 AM

Crypto exchange KuCoin has worked out who hacked its cryptocurrency exchange for $281 million.

CEO Johnny Lyu tweeted today that, "After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action."

Download The Decrypt App.
Get our app for the top news and features at your fingertips. Be the first to try the Decrypt Token and much more.

The hack took place on September 26. KuCoin said that the hackers used a leaked private key to access the exchange's wallets. KuCoin says that it has enough money in the bank to cover all of its losses.

After the hack, crypto projects worked to freeze or render useless most of the assets. Many teams updated their blockchain to make this happen. Lyu said that $204 million worth of cryptocurrency, or 72% of the total hack, is "out of the control of the suspicious addresses."

https://decrypt.co/43806/kucoin-has-found-the-hackers-who-stole-281-million

Come on mate, don't just copy-paste the article. You even included the ad to download their mobile app.

Pretty disappointed with the announcement. I guess we will just have to wait until the arrest has been made before they disclose more details. It would have been better if it was announced after the suspects were already arrested.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

This is wonderful news but I am not surprised they find the hacker because I have already make some research about the hacker token movement and I find that he moved some of the token to Okex and Binance exchange which is a centralized exchange.
I think that's where they nab the hacker.
According to whales alert the hacker wallet address is 0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23 which it sent CHR token to 0xa53605cAe63A95772582A084e5d22C230a62c0d4 the CHR was later moved to 0x7e5084905bb718A9b0bb58247a441773e3b01D51 to 0x0E8D3ae1535bed127876065a69Ad2C64286b019C and then to Binance wallet

For token sent to Okex are moved as below
Hacker wallet : https://ethplorer.io/address/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23?from=search#pageSize=25&transfers=2
Puppet wallet 1 : https://ethplorer.io/address/0xa76088c1a9a4bbb2ab39a378fd4b9fb70c22b797#pageSize=25&transfers=2
Puppet wallet 2 : https://ethplorer.io/address/0xa53605cae63a95772582a084e5d22c230a62c0d4#pageSize=25
Puppet wallet 3 : https://ethplorer.io/address/0x7e5084905bb718a9b0bb58247a441773e3b01d51#pageSize=25
Final wallet used to sent to Okex
https://ethplorer.io/address/0x2dd51a3caa01d2be7e8f42bf201b32147e5a6504#pageSize=25
https://ethplorer.io/address/0x413b13fd1653975ce88ba071b4f889207c39cac4#pageSize=25
https://ethplorer.io/address/0xfa68bffa80690cd1db9179b57a5fd52e17134838#pageSize=25

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Yeah, I think there's some new news here, but it's pretty click baity and not actually accurate. Thanks for the update anyway. Also 30% of $200M is still quite a bit of change.

pixie85

hero member

Activity: 2184

Merit: 531

It's a bit of an overstatement. They found out the addresses to which the coins were transfered and made them public so that the coin teams and exchanges can block them.

They don't know who owns the addresses and about 30% of the hacked coins still was not blocked. Even if the hackers manage to liquidate 10% it's still a lot of money for them.

Also, we don't know if the 30% is really what they control. It may be more. I wouldn't trust the news coming from a hacked exchange 100%.

bitcoinst

hero member

Activity: 1708

Merit: 651

SmartFi - EARN, LEND & TRADE

Crypto exchange KuCoin has worked out who hacked its cryptocurrency exchange for $281 million.

CEO Johnny Lyu tweeted today that, "After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action."

Download The Decrypt App.
Get our app for the top news and features at your fingertips. Be the first to try the Decrypt Token and much more.

The hack took place on September 26. KuCoin said that the hackers used a leaked private key to access the exchange's wallets. KuCoin says that it has enough money in the bank to cover all of its losses.

After the hack, crypto projects worked to freeze or render useless most of the assets. Many teams updated their blockchain to make this happen. Lyu said that $204 million worth of cryptocurrency, or 72% of the total hack, is "out of the control of the suspicious addresses."

https://decrypt.co/43806/kucoin-has-found-the-hackers-who-stole-281-million

Topic: KuCoin Has Found The Hackers Who Stole $281 Million - page 3. (Read 718 times)