What a shame, but still kudos reimbursing the users affected. I don't know how their handle was hacked, isn't 2fa is forcedrequired to every verified handle in twitter? How is it possible though to breach 2fa?
It is surprising that Kucoin is reimbursing users that lost money because of the hack in Twitter
as majority might have sent money thinking that they are doubling the amount, the usual scam that takes place in this space Posted a phishing link in their Twitter handle and thereby lost money and hence they are doing the right thing by reimbursing the users.
The verification process in Twitter changed after Elon Musk took over as anyone paying $8 can get verified, so i doubt there will be mandatory 2 FA.
It is surprising that Kucoin is reimbursing users that lost money because of the hack in Twitter
I don't think that its surprising at all since their account got hacked due their own mistake and no one else's. Imho, its the least that they could so.
I retracted my statement because it was a phishing link, when i initially posted them i thought it was a doubling scam and they are doing the right thing.
Fact remains that, it is not safe to click on any random link when you log into exchange even through their official social media handle. Users need to be responsible when financial assets are at stake to avoid these mishaps.