Exchange KuCoin and KuCoin shares

[cygan]

just some news and a recap from the last ceao livestream about the exchange hack...

https://www.kucoin.com/news/en-kucoin-ceo-livestream-recap-latest-updates-about-security-incident

[1715492213]

1715492213

[Febo]

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

[cygan]

what gets interesting now is who is behind the whole hack, whether it was a group or a single person that invaded the kucoin system

[Lanatsa]

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

Its a must thing but they had already spoken that they would patch up all of those losses but I doubt that they will considering on following or rebuying those lost coins that they had.
Im not that aware on Mt.Gox problem but since you do mentioned it then they should really need to avoid it.

what gets interesting now is who is behind the whole hack, whether it was a group or a single person that invaded the kucoin system

No one can tell until there are solid proofs about hack yet in most cases all of hacks will be considered out as on external but who knows that all of these things are just dramas
to cover up the inside job.

[jossiel]

A drop after the hack.

They're still in the "planning" phase of refunding the affected customers using their cold wallet. But it should be their main concern for those users that have been affected by this hack.

I am not surprised if it is true that KuCoin has been hacked, because there is no guarantee that it is 100% safe to store coins
on exchanges. I always store most of my coins in a hardware wallet, and only store coins on exchanges for trading only.

It's a real event, Kucoin has been hacked.

And what you do is right, you store it on a safer storage which is you are the one who's holding your own coins.

[Febo]

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

Its a must thing but they had already spoken that they would patch up all of those losses but I doubt that they will considering on following or rebuying those lost coins that they had.
Im not that aware on Mt.Gox problem but since you do mentioned it then they should really need to avoid it.

If they will just ignore and not buy this coins that left their wallets, then in next bullrun their loss will be so huge that no profit from tradings can ever repay it. Then at some point people that will have stored ANY coins ( not only the ones that was stolen) on Kucoin will simple end up empty handed.  Even $150 million is a lot of money. They must act immediately and take a loan somewhere and rebuy all coins that was lost.

[Kopiev]

KuCoin Announces Latest Report On Measures Taken In Following Latest Exchange Hacking Incident
https://www.kucoin.com/news/en-the-latest-updates-about-the-kucoin-security-incident

[Police Indo]

They need to rebuy all coins that were stolen. Worst thing that can happen is that they wait and bull run start and coins that were stolen make x10 pimps and then a $157 loss with turn into $1.5 billion loss. This is what sunk Mt.Gox. They ignored the problems they had.

Its a must thing but they had already spoken that they would patch up all of those losses but I doubt that they will considering on following or rebuying those lost coins that they had.
Im not that aware on Mt.Gox problem but since you do mentioned it then they should really need to avoid it.

If they will just ignore and not buy this coins that left their wallets, then in next bullrun their loss will be so huge that no profit from tradings can ever repay it. Then at some point people that will have stored ANY coins ( not only the ones that was stolen) on Kucoin will simple end up empty handed.  Even $150 million is a lot of money. They must act immediately and take a loan somewhere and rebuy all coins that was lost.

However, the theft that occurred on Kucoin was etherium coins, which occupy the second position in terms of market capitalization (1/5 of BTC) so there is still hope for the volume of transactions of coins such as Btc, Xrp, Theter and another . because all can be calculated by calculation profit per day to compensate for customer losses.

[WalkerIVIV]

KuCoin Announces Latest Report On Measures Taken In Following Latest Exchange Hacking Incident
https://www.kucoin.com/news/en-the-latest-updates-about-the-kucoin-security-incident

Some coins have alreayd swapped its tokens and i can withdrawal my money from the kucoin. it looks like that if some coins have already available to be used for withdrawal purpose.

Kucoin has already said that if the WD will have opened at the end of this week but only some coins were available to be used for WD.
Even USDT which has already solved is not yet opened.

[Arkann]

KuCoin Announces Latest Report On Measures Taken In Following Latest Exchange Hacking Incident
https://www.kucoin.com/news/en-the-latest-updates-about-the-kucoin-security-incident

Some coins have alreayd swapped its tokens and i can withdrawal my money from the kucoin. it looks like that if some coins have already available to be used for withdrawal purpose.

Kucoin has already said that if the WD will have opened at the end of this week but only some coins were available to be used for WD.
Even USDT which has already solved is not yet opened.

Kucoin suffered a lot because of hackers, and if users massively withdraw funds from the cryptocurrency exchange, then this threatens them with a full-fledged collapse. I think they need to be given time to regain their strength and regain confidence in themselves.

[Kopiev]

The exchange resumed the deposit and withdrawal of some coins, as well as the addresses of these coins in the accounts has been changed
https://www.kucoin.com/news/en-enq-aion-dot-zil-bnb-man-one-xns-xtz-deposits-and-withdrawals-now-open

[kapalmabur]

The exchange resumed the deposit and withdrawal of some coins, as well as the addresses of these coins in the accounts has been changed
https://www.kucoin.com/news/en-enq-aion-dot-zil-bnb-man-one-xns-xtz-deposits-and-withdrawals-now-open

I also heard the news that Hackers have known their identities, of course this is good news, i
f they have found the perpetrators and their funds can return it is the positive side,
but of course this makes Kucoin one of the worst markets now

[Wawa2013]

KuCoin exchange is being discussed in recent days, this is because KuCoin exchange was hacked. But I appreciate that the KuCoin team,
led by CEO Johnny Lyu, has finally succeeded in tracking down the wallet address used by the hackers. Hopefully in the near future the
identity of the hackers will also be known. While investors affected by the hack can rest easy, because KuCoin promises to compensate
investors.

[Febo]

KuCoin exchange is being discussed in recent days, this is because KuCoin exchange was hacked. But I appreciate that the KuCoin team,
led by CEO Johnny Lyu, has finally succeeded in tracking down the wallet address used by the hackers. Hopefully in the near future the
identity of the hackers will also be known. While investors affected by the hack can rest easy, because KuCoin promises to compensate
investors.

A lot of such exchange hacks are inside job. Police knows that and for sure is searching in the right direction.
Who should not seep easy are the exchange owners. they will have to take loan and buy a coins they lost. Until then I would totally avoid doing anything on this exchange.

[shinratensei_]

KuCoin has been an outstanding exchange in the crypto space until the recent hack which is so unfortunate, but they will bounce back stronger.

The TG group of kucoin is very conducive right now as there's not FUD from people who didn't have any funds on kucoin. I have able to withdraw my money through convert it into BNB.

It looks like people were also still using this exchange site but that doesn't make sense for kucoin to open the service for USDT as it's the first coin that can be reimbursed.
It's interesting to see that less than a month and everything has been going back to the normal again but it's not about the trust of the users to kucoin.

[Crypto_lion]

KuCoin has been an outstanding exchange in the crypto space until the recent hack which is so unfortunate, but they will bounce back stronger.

The TG group of kucoin is very conducive right now as there's not FUD from people who didn't have any funds on kucoin. I have able to withdraw my money through convert it into BNB.

It looks like people were also still using this exchange site but that doesn't make sense for kucoin to open the service for USDT as it's the first coin that can be reimbursed.
It's interesting to see that less than a month and everything has been going back to the normal again but it's not about the trust of the users to kucoin.

Kucoin has pretty much handled the hack the right way up to this point . They have constantly been in touch through social media channels. They have alleviated most of the risks through the project teams help by re-issuing the tokens. They have also said no users will lose their money.

So I would say they will bounce back.

[Soonandwaite]

almost every hour assets are unlocked again !  it is a very good information policy of kucoin. you can read everything on the telegram channel       
 i would also like to receive such good information from other projects.

from telegram  COTI, EFX Deposits and Withdrawals Now Open!

The deposit and withdrawal services of the following projects have now resumed on KuCoin:
- COTI (COTI)
- Effect.AI (EFX)      

[cygan]

the latest updates about kucoin security incident:

BTC, ETH, USDT deposits and withdrawals have resumed, the TRC20-USDT, EOS-USDT deposit service now open.

https://www.kucoin.com/news/en-the-latest-updates-about-the-kucoin-security-incident

MVP, SOUL, VSYS, NEO, GAS Deposits and Withdrawals Now Open!

MVP, SOUL, VSYS, NEO, GAS Deposits and Withdrawals Now Open!

new listing on kucoin:

KuCoin is extremely proud to announce yet another great project coming to our NFT trading platform. Dego Finance (DEGO) is now available on KuCoin. Supported trading pairs are DEGO/USDT and DEGO/ETH.

https://www.kucoin.com/news/en-dego-finance-gets-listed-on-kucoin

[Soonandwaite]

another good news today: deposits and withdrawals are now possible again on kucoin


https://www.kucoin.com/news/en-ada-deposits-and-withdrawals-now-open      

Dear KuCoin Users,

The deposit and withdrawal service of ADA has now resumed on KuCoin.

The deposit address of ADA has changed, please do not deposit to the old deposit address.

KuCoin will restore the full service gradually.

Thank you for your support!

The KuCoin Team        

but please be careful >>>>>The deposit address of ADA has changed

[cabron]

Do you think people are more trusting of the exchange because they will now be wiser when it comes to the security of the server and the funds?

This is going to be crucial whether to decide to invest in the Kucoin Shares or finds a more profitable project to invest with. Will they ever guarantee now just like how Binance did in the past when they were hacked?