KuCoin CEO Says Suspects in $281M Hack Identified; Authorities on the Case
KuCoin CEO Johnny Lyu tweeted that the South Korean crypto exchange has found what he described as “suspects” of last month’s hack that resulted in the theft of $281 million in cryptocurrencies.
- “After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand.,” Lyu said in the tweet. “Law enforcement officials and police are officially involved to take action.”
- In addition, Lyu said another $64 million of stolen assets have been recovered from “suspicious addresses,” bringing the total value of recovered assets to $204 million since Oct. 1.
Related Posts


From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure
Nov 13, 2020 at 2:34 p.m. UTCBenoit Coeuré, head of the BIS Innovation Hub(Andrej Klizan/Flickr)From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit CoeureLibra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to Benoit Coeure, head of the…

Bitcoin Exchanges Flood London’s Metro With Adverts
Dec 14, 2020 at 12:15 p.m. UTCUpdated Dec 14, 2020 at 12:30 p.m. UTCCoinfloor advert, Kings Cross, London (Coinfloor)Bitcoin Exchanges Flood London’s Metro With Adverts“If you’re seeing bitcoin on the Underground, it’s time to buy,” according to one of the many posters now plastered across London’s vast metro network.In fact, two cryptocurrency exchanges chose to…

Bain Capital Crypto Raising Second Fund: Filing
Bain Capital Crypto is planning to launch a second fund, according to a U.S. Securities and Exchange Commission filing.Bain Capital launched its first crypto fund in March 2022. The $560 million fund launched just before the collapse of Do Kwon's Luna triggered a massive rout in the crypto market. Despite the ensuing crypto winter, Bain

The Protocol: The CFTC Is Cracking Down on Crypto
Crypto winter continues to be dogged by regulatory attacks and court drama. Most notably, the U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token

Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources and foster domestic technology.Executives representing

Obol Labs Forms Industry Group to Push for Decentralized Validator Technology
Blockchain startup Obol Labs has formed a new industry group that aims to advance the growing field of distributed validator technology – at the heart of the latest push by developers to eradicate single points of failures within decentralized networks like Ethereum. The Obol Collective includes a consortium of Ethereum ecosystem players "dedicated to the

Bitcoin Down 1% After Biggest Weekly Price Gain Since July
Oct 12, 2020 at 11:33 UTCUpdated Oct 12, 2020 at 11:42 UTCBitcoin weekly price chart(CoinDesk BPI)Bitcoin (BTC) has crossed into bullish territory with the biggest weekly gain in 2.5 months.The top cryptocurrency by market value climbed nearly 6.6% in the seven days to Oct. 11, capping its biggest single-week percentage rise since the last week…

Marathon Digital Solidifies Position as World’s Largest Publicly Traded Bitcoin Miner
Marathon Digital Holdings (MARA) solidified its position in July as the world's largest publicly traded bitcoin miner by self-mining hashrate, meaning computing power in its facilities that mines for its own wallets as opposed to those for clients.In June, Marathon reported 17.7 exahash/second (EH/s) of operational computing power on the bitcoin network, also known as…