KuCoin's Twitter Handle Compromised | Metaverse Post

Cryptocurrency exchange KuCoin has shared that its Twitter was compromised. The exchange’s social media platform was in the hacker’s hands for approximately 45 minutes from midnight of April 24.

During this period, the attacker posted fake activity that led several users to assets loss. The company has identified 22 transactions associated with the incident. Several of these included Ethereum and Bitcoin. According to the company’s calculations, 22,628 USDT has been lost. The organization is currently examining and blocking suspicious addresses.

In a Twitter post, the platform promised its users to implement security measures in addition to the existing two-factor authentication. KuCoin also shared that it will fully reimburse users for verified asset losses incurred due to the social media breach.