Newly aggregated data suggests that the hackers that recently compromised KuCoin’s hot wallets may have taken more than the estimated $150 million, as per the exchange’s report. Considering the updated numbers, the KuCoin hack would be the third-largest in history, with approximately $280 million stolen. The KuCoin Hack: $280M Taken Instead Of $150M? As CryptoPotato...Read More
A few hours ago, the Asian exchange KuCoin announced that it suffered a hack that caused millions of dollars in losses. A hacker, or a group of hackers, gained access to the platform’s hot wallet and stole more than $150 million in Bitcoin, Ethereum, and other cryptocurrencies. The funds held in a hot wallet are...Read More
In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund. The company first noticed the abnormalities at 2:51 AM, Sept...Read More
Hot wallets of the popular cryptocurrency exchange KuCoin have been compromised and drained for at least $150 million worth of digital assets. The company reported the event as a “security incident” a few hours ago, reaffirming that “part of Bitcoin, ERC-20, and other tokens in KuCoin’s hot wallets were transferred out of the exchange.” The...Read More
In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious. The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading. Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins. The Bitcoin...Read More
In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders...Read More
Bitcoin margin trading is undoubtedly catching up to speed. In 2019, there was an outburst of different venues that started to offer high leverage on Bitcoin and other cryptocurrencies. This is mostly made available through futures contracts. KuCoin, a well-known crypto exchange, didn’t stand on the sidelines for long. KuMEX is the Bitcoin futures trading...Read More
August 30th, 2019, Singapore— Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets.Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will both list on global cryptocurrency exchange KuCoin. Deposits will open on August...Read More
Harmony One, the deep sharded scalable blockchain built by a team of engineers from Google, Apple, Amazon, Facebook, Harvard and Stanford, has announced its launch on KuCoin exchange. The trading will start at 6pm (UTC+8), August 22nd and supported trading pairs include ONE/BTC and ONE/USDT. With over 5 million registered users from about 100 countries...Read More
