KuCoin Has Found The Hackers Who Stole $281 Million

[Baofeng]

Did Johnny Lyu mean this guy?  

This is sparking uninvited controversy, another conspiracy theory. But, well, sometimes the competition gets dirty. Who knows, right?

Probably they just making fun of the situation and inserting CZ is comedy gold.  

Baofeng, that photo is funny hehe. CZ is killing the competition with all methods available.

Yes, CZ will always be in the middle of discussion, and perhaps they are trolling Johnny with CZ's images here. But I doubt CZ has something to do with it, in fact he is helping in blocking the scammers addresses in Binance.

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[The Sceptical Chymist]

What doesn't mean Decrypt token and decrypt apps? Please explain to us how it's related to the KuCoin hacking issue? I am expecting an answer from you.

No doubts it's good news that KuCoin has found the hacker and going to take action against him/her. Directly copy-paste from a website and just post with a link is very bad behavior. You are just filling your weekly quota in a shortcut.

I agree, and I saw your thread about OP earlier today.

I'm glad OP posted some news about the hack, even if it was a straight copy/paste including that stupid advertisement.  Kucoin is the only exchange I use anymore, and I'm very interested to see if this is going to impact them in a significant manner--it doesn't seem like it will, but who knows.

I hope that they can find the genuine hacker at put it in prison so they cannot hack any wallet anymore, a hacker will remain a hacker knowing that they can easily
get a free money to it.

Yeah, that would be nice, wouldn't it?  I don't know how many of these exchange hackers have been caught and prosecuted by law enforcement, but I'm guessing the number is not far from zero.  On the other hand, I can't imagine law enforcement wouldn't at least put in an effort to catch someone who stole an amount this large. 

[target]

Its funny but I doubt CZ has to do with it. Can they get the hacked tokens back after they identify the perpetrator?
I just hope the exchange will be back sooner. It would be good if they do. There is nothing much I would do right now than to buy KCS since its cheaper today, I tried registering to the exchange but they disabled the deposit to USDT.

[btc_angela]

Its funny but I doubt CZ has to do with it. Can they get the hacked tokens back after they identify the perpetrator?

Obviously, CZ is not involved, those people are just using his name. Well if there is a name behind those addresses then they can track him down and get arrested.

I just hope the exchange will be back sooner. It would be good if they do. There is nothing much I would do right now than to buy KCS since its cheaper today, I tried registering to the exchange but they disabled the deposit to USDT.

They are already back as per their latest post here,

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

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

So it's a go for USDT.

[onecall123]

I just read an article where they comes with a statistics the performance of the top exchanged own cryptocurrencies by market cap. And the recent hack of KuCoin has unquestionably influenced KuCoin Shares (KCS) as it's displayed right now on the market where rest of other exchanges profitable with their native token.

[aioc]

Crypto exchange KuCoin has worked out who hacked its cryptocurrency exchange for $281 million.

CEO Johnny Lyu tweeted today that, "After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action."

The hack took place on September 26. KuCoin said that the hackers used a leaked private key to access the exchange's wallets. KuCoin says that it has enough money in the bank to cover all of its losses.

It's good news I hope they can out the hackers in jail so to set example on those who wants to hack exchanges in the future, the best news is traders are not going to lose their coins as Kucoin already stated they they have enough money to cover the losses, now traders confidence on Kucoin will go back, this is a good evidence that when it comes to trading our coin go for the top exchange in the market to insured your coin against future hacks, but I hope these hacking will stop.

[exstasie]

Whoever stole funds from KuCoin is now trying to cover his tracks. In the ETH-mixer Tornado Cash hacker sent 11 520 ETH, lots of 100 coins and has already managed to mix almost 3000 ETH

These hackers exercised no patience.

I don't know much about Tornado Cash (obviously an ETH mixer) but it definitely doesn't have the liquidity for that much ETH. I'll almost feel bad for these guys if they're dumb enough to send it to exchanges now, and I really feel bad for the other users of Tornado Cash.

Third party services are going to be looking at those depositors with a fine-tooth comb.

[enhu]

Whoever stole funds from KuCoin is now trying to cover his tracks. In the ETH-mixer Tornado Cash hacker sent 11 520 ETH, lots of 100 coins and has already managed to mix almost 3000 ETH

These hackers exercised no patience.

I don't know much about Tornado Cash (obviously an ETH mixer) but it definitely doesn't have the liquidity for that much ETH. I'll almost feel bad for these guys if they're dumb enough to send it to exchanges now, and I really feel bad for the other users of Tornado Cash.

Third party services are going to be looking at those depositors with a fine-tooth comb.

In a hurry to get caught. Some hackers like the ones who hacked bitfinex took years before they bother to make a transcation but were still monitored. The wallets are sure being traced. If they send it to an exchange, its truly going to be frozen. $281M is not going to be easy to liquidate without an alert.

If they've managed to hack Kucoin, they must be good at covering their tracks too. Won't they get away with the Wasabi?

[stompix]

These hackers exercised no patience.

Probably it's their first job and they need to split the money, having lost quite a huge chunk of what they could've gotten their hand on now they are eager to split the money and be done with it. But I doubt they will simply send all that ETH to an exchange and then get fiat. Maybe they are testing the waters to see how much attention there is still on them, maybe it's just the first step and they plan to switch it again through tokens or it could be possible they're are thinking of extracting small amounts of those one at a time while the people are concentrating on the large sums.

I'll almost feel bad for these guys if they're dumb enough to send it to exchanges now,

Well, they say that criminals make stupid mistakes, that's why they get caught but in this case, it would really surprising, after all, they were smart enough to hack an exchange, they know how those operate, it would be as stupid as a thief getting himself locked in the vault he tried to break in.

But all this also means that the articles who claimed they found the hackers and the police know their whereabouts and identities were really misleading.