Bitcoin
$62,676.32-5.35%
Ethereum
$3,065.48-5.51%
Binance Coin
$540.27-7.29%
Solana
$133.30-12.23%
XRP
$0.48872286-5.05%
Dogecoin
$0.15409478-5.66%
Toncoin
$6.18-13.36%
Cardano
$0.46111392-5.41%
Avalanche
$34.72-8.11%
Shiba Inu
$0.00002192-6.38%
Tron
$0.11107984-2.77%
Wrapped Bitcoin
$61,192.84-7.79%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
04
DAYS
08
HR
18
MIN
03
SEC
Markets

KuCoin CEO Says Suspects in $281M Hack Identified; Authorities on the Case

The CEO of the hacked Seychelles-based crypto exchange says suspects in the hack have been identified.

By Kevin Reynolds
AccessTimeIconOct 3, 2020 at 4:39 p.m. UTC
Updated Sep 14, 2021 at 10:04 a.m. UTC
KuCoin

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

KuCoin CEO Johnny Lyu tweeted Saturday the Seychelles-based crypto exchange has found what he described as the "suspects" of last month's hack that resulted in the theft of $281 million in cryptocurrencies.

  • "After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand," Lyu said in the tweet. "Law enforcement officials and police are officially involved to take action."
  • In addition, Lyu said another $64 million of stolen assets have been recovered from "suspicious addresses," bringing the total value of recovered assets to $204 million since Oct. 1.

Read more: KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
HackKuCoinCoinFlash