- PeckShieldAlert reported that KuCoin’s Twitter account was hacked and customers suffered property losses.
- KuCoin has taken duty for the breach and can compensate affected customers for his or her losses.
- To be able to stop future breaches, the cryptocurrency change implements extra safety measures.
PeckShieldAlert reported that KuCoin’s Twitter account was hacked and the crooks managed to steal roughly 8.7 ETH, value round $16,000, in addition to 0.235 BTC, value round $6,500.
KuCoin beforehand introduced that their Twitter account was compromised for about 45 minutes on April twenty fourth. 00:00 (UTC+2). Throughout this era, the hacker engaged in fraudulent actions that triggered many customers to lose their property. KuCoin has taken full duty for the breach of social media and the ensuing pretend exercise. They’ve additionally pledged to compensate affected shoppers for all verified losses they’ve suffered.
It is value noting that solely KuCoin’s Twitter account was compromised on this incident. KuCoin responded promptly and took the required steps to regain management of the account via official Twitter assist. It is very important emphasize that property on the KuCoin platform stay safe and unaffected by the breach.
On April twenty fourth at 02:00, KuCoin recognized 22 transactions associated to ETH/BTC associated to fraudulent exercise with a complete worth of $22,628. To forestall additional hurt to customers, KuCoin is at present checking and blocking all suspicious addresses.
Along with Twitter’s two-factor authentication (2FA), the KuCoin group is taking extra safety measures to strengthen the safety of its social media accounts. The group can be working with Twitter to conduct an intensive investigation into the incident and forestall comparable incidents sooner or later.
KuCoin stated it might proceed to supply updates on the progress of the investigation and suggested customers to chorus from any hyperlinks impersonating their website.
