Near Intents was exploited for $3.8M+ as per ZachXBT

[TastyChillySauce00]

This is not the first time. I have mentioned KuCoin several times on several occasions, that hackers have been using KuCoin since 2021. Like, I can prepare a list for you to cover almost all of them, but some of them will be

One of fewer exchange that could secure MiCA license by the way, Binance and Bybit with their proactive interception against exploited funds couldn't even secure one .

Oh my  
Alex's words were not unfounded, and the hacker decided not to wait 48 hours, but returned everything stolen.

I wish all the hacks that happened were solved this way.

Good news, the hacker folded right away after got his id got exposed, I believe it's possible because he deposited the money to Kucoin in the first place right? props to everyone who spend their time tracking the hackers tirelessly.

[RGBTC]

Isn't an exchange with a withdrawal above $100,000 required to pass KYC level 3?

True, but that is the initial process for obtaining VIP account status, not a verification request for each withdrawal. That isn't where the problem lies.
Also, assuming the hacker used a business account, the thresholds for standard verification might be higher. I’ve never signed up for that type of account, and likely not many people do; so the verification procedures probably aren't as strictly enforced or frequently updated.

[iagomsp]

Isn't an exchange with a withdrawal above $100,000 required to pass KYC level 3?

True, but that is the initial process for obtaining VIP account status, not a verification request for each withdrawal. That isn't where the problem lies.
Also, assuming the hacker used a business account, the thresholds for standard verification might be higher. I’ve never signed up for that type of account, and likely not many people do; so the verification procedures probably aren't as strictly enforced or frequently updated.

There are some users selling verified KuCoin accounts. I believe hackers bought them and used them. Actually, anyone can obtain one. Accounts from other CEXs are also available, but of course, they need to come from a legitimate and reliable source.

[joniboini]

There are some users selling verified KuCoin accounts. I believe hackers bought them and used them. Actually, anyone can obtain one. Accounts from other CEXs are also available, but of course, they need to come from a legitimate and reliable source.

I assume the sellers don't actually own those accounts? As in, they get the credentials through scams, or in some case bought the details directly from naive users. I guess we can also count database leaks from the governments or companies contributed to this to some extent. It feels familiar with how people sell games accounts tbh. Although the risk obviously differs and they don't have to go far to create a new account, unless you're in region like China.