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KuCoin’s Twitter Handle Compromised | Metaverse Post

Altszn.com by Altszn.com
April 24, 2023
in Metaverse, Web3
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KuCoin’s Twitter Handle Compromised | Metaverse Post
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KuCoin's Twitter Handle Compromised

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.  

KuCoin's Twitter Handle Compromised

Published: 24 April 2023, 5:07 am Updated: 24 Apr 2023, 5:25 am

According to the announcement, only KuCoin’s Twitter was compromised. Other platforms and social media accounts related to the exchange are reportedly safe to use. 

“We acted immediately to retrieve control of the account from official Twitter support after the incident occurred. We want to reassure you that your assets on KuCoin are secure,” wrote the exchange in a Twitter post. 

KuCoin is a Seychelles-based centralized cryptocurrency exchange used by over ten million individuals globally. The platform is among the seven most used crypto exchanges by trading volume. 

In August 2022, KuCoin launched an NFT exchange-traded funds platform with the aim of improving the liquidity of non-fungible token assets. 

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