Bitcoin price unfazed after $150M hack of major exchange KuCoin
Cointelegraph
Published Sep 26, 2020 06:55AM ET
Updated Sep 26, 2020 08:40AM ET
In an official statement, KuCoin Global CEO Johnny Lyu confirmed a major hacking attack on Sep. 26. The breach affected the firm’s Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets, after private keys were leaked. Reports estimate the breach to have affected $150 million in user funds.
Following the security breach, the price of Bitcoin barely moved, however. Other major cryptocurrencies, including Ether and decentralized finance (DeFi) tokens also remain relatively unfazed by the hack.
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Written By: Cointelegraph
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