KuCoin victim of $ 150 million cryptocurrency hack

A hacker in front of his screen.

(Illustration) -

One of the main cryptocurrency exchanges, KuCoin, has been hacked.

If no amount has been officially communicated, according to the first estimates the damage is evaluated at at least 150 million dollars, reports

, citing information from

and

.

By penetrating the cryptocurrency exchange platform, the hackers would have managed to steal this sum in Bitcoin tokens and Ethereum ERC2 tokens.

Losses to users will be "fully covered by KuCoin and [its] insurance fund," said Johnny Lyu, CEO of KuCoin.

We have worked with #USDT, #ORN, #KAI, #NOIA, #VELO, #VIDT, #SNTR, #COV, #OPQ & #AMPL to resolve the incident, and the affected tokens of these projects are safe or in a position to be recovered now.

More projects will act soon as the list is still growing ...

Together, Stronger https://t.co/AdQzh2SXYu

- lyu_johnny (@lyu_johnny) September 28, 2020

Temporarily suspended deposits and withdrawals

Faced with this incident, an investigation was opened to try to understand how the pirates were able to seize such a sum.

While waiting for the company's security teams to find where the flaw comes from, the platform has decided to suspend cryptocurrency deposits and withdrawals.

This cyberattack is the fourth largest in history in terms of damage in the

world,

notes

.

The most significant hack dates from 2018: the Coincheck platform lost no less than $ 534.8 million.

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