image credit: Marco Verch Professional Photographer / flickr
KuCoin, a Singapore-based cryptocurrency exchange, has disclosed a security incident that resulted in the unauthorized transfer of roughly $150 million in digital assets.
In a notice published last week, KuCoin notified clients that it detected suspiciously large withdrawals starting September 26.
In response to the Incident, KuCoin Global CEO Johnny Lyu hosted a livestream and announced that part of the Bitcoin, ERC-20, and other tokens in KuCoin’s hot wallets were transferred out of the exchange, which contained few parts of the total assets holdings.
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