KuCoin’s Twitter Handle Compromised
In Brief
Cryptocurrency exchange KuCoin’s Twitter handle was compromised on the night of April 23 to 24.
The attacker had access to the social media for approximately 45 minutes.
22,628 USDT has been lost due to the incident.
Cryptocurrency exchange KuCoin has shared that its Twitter was compromised. The exchange’s social media platform was in the hacker’s hands for approximately 45 minutes from midnight of April 24.
During this period, the attacker posted fake activity that led several users to assets loss. The company has identified 22 transactions associated with the incident. Several of these included Ethereum and Bitcoin. According to the company’s calculations, 22,628 USDT has been lost. The organization is currently examining and blocking suspicious addresses.
In a Twitter post, the platform promised its users to implement security measures in addition to the existing two-factor authentication. KuCoin also shared that it will fully reimburse users for verified asset losses incurred due to the social media breach.
According to the announcement, only KuCoin’s Twitter was compromised. Other platforms and social media accounts related to the exchange are reportedly safe to use.
“We acted immediately to retrieve control of the account from official Twitter support after the incident occurred. We want to reassure you that your assets on KuCoin are secure,” wrote the exchange in a Twitter post.
KuCoin is a Seychelles-based centralized cryptocurrency exchange used by over ten million individuals globally. The platform is among the seven most used crypto exchanges by trading volume.
In August 2022, KuCoin launched an NFT exchange-traded funds platform with the aim of improving the liquidity of non-fungible token assets.
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About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
