KuCoin Twitter Account Hacked, Exchange to Reimburse Losses
- The Twitter account of the crypto exchange was compromised for roughly 45 minutes on Monday, resulting in 22 transactions connected to the hack.
- KuCoin has calculated that the total asset losses were 22,638 USDT, and noted that it will fully reimburse users affected in the incident.
Shutterstock
Cryptocurrency exchange KuCoin had its official Twitter account compromised on Monday, which resulted in its users losing more than $22,000, the company said via Twitter on 24 April.
According to the announcement, a hacker was able to take control over KuCoin’s Twitter account for around 45 minutes in the early hours of Monday to promote “fake activity” from the exchange. Although the incident was brief, KuCoin was able to identify around 22 transactions connected with the hack, resulting in a total loss of 22,638 USDT.
The exchange assured its users that only its Twitter account was compromised in the incident, and that all crypto assets on KuCoin remain safe and secure. The company is currently “conducting a thorough investigation of the incident with Twitter”, in addition to “blocking suspicious addresses” in order to prevent users from being harmed. KuCoin also noted that it will “fully reimburse” all verified asset losses caused by the incident.
Hacking a prominent Twitter account in order to promote fake giveaways and tokens is nothing new in the crypto space. Last month, a hacker took control over the Twitter account of Circle’s chief strategy officer Dante Disparte to promote a fake USDC airdrop. The account of popular investment app Robinhood was also compromised in January, though a very small number of people fell victim to the scam.
- Popular Telegram bot Unibot, which is used to snipe trades on Uniswap, became a victim of a token approval exploit earlier today, when it was switching to a new router.
- After confirming the exploit, Unibot assured users that their keys and wallets were safe, and that the project will compensate all affected users.
Shutterstock
- Ethereum co-founder Vitalik Buterin has regained his T-Mobile account, which on Saturday was compromised by hackers and used to take over his X account.
- On 9 September, hackers used a SIM-swap attack to take over Buterin’s X account, and siphon close to $700,000 in crypto by promoting a fake NFT giveaway.
- DeFi protocol Balancer confirmed it was exploited almost a week after disclosing a critical vulnerability affecting several of its boosted pools.
- The platform did its best to mitigate some of the risks but was unable to pause the affected pools, and an estimated $980,000 in DAI were stolen in an attack.