KuCoin Twitter Accounts Embezzled: Users Suffer Asset Losses

04/24/2023 03:33 • Crypto & Markets • 82 views

On April 24th, KuCoin, a cryptocurrency exchange, tweeted that Twitter accounts had been attacked and embezzled for about 45 minutes since 06:00 Beijing time on April 24th, publishing false activities, resulting in asset losses for multiple users. KuCoin will fully compensate for all verified asset losses caused by social media leaks and fraudulent activities. KuCoin stated that only the Twitter account was hacked in this incident. After the incident, the team immediately took action and regained control of the account from the official Twitter support. As of 08:00 Beijing time on April 24th, the team has confirmed 22 transactions, including ETH/BTC related to fraudulent activities, with a total value of 22628 USD. In order to prevent more users from being harmed, the team is currently checking and blocking suspicious addresses.

KuCoin: Twitter account was stolen for approximately 45 minutes and full compensation will be given for all verified asset losses

On April 24th, KuCoin, a cryptocurrency exchange company, announced that their Twitter accounts had been attacked and embezzled for about 45 minutes since 06:00 Beijing time that same day. The attacker published false activities that resulted in asset losses for multiple KuCoin users. KuCoin quickly responded by compensating for all verified asset losses caused by social media leaks and fraudulent activities.

Hackers Attack KuCoin’s Twitter Accounts

The team at KuCoin has stated that only their Twitter account was compromised in this incident. After discovering the breach, they immediately took action and regained control of the account from the official Twitter support. While 22 transactions, including ETH/BTC trades, related to fraudulent activities were confirmed, with a total value of 22628 USD, the team has ensured that no further damage was caused.

Prompt Reactions by KuCoin

KuCoin was quick to react to the attack and made immediate efforts to counteract the fraudulent transactions. Additionally, the company has taken measures to prevent further mishaps by assessing and blocking any suspicious addresses. The prompt measures taken to protect their users, restore control over their accounts, and compensate for any damage have won KuCoin further trust and reliability among their customers.

Customer Care Measures by KuCoin

KuCoin has pledged to fully compensate any verified asset losses caused by social media leaks and fraudulent activities, as proven by the incident. This has further strengthened their bond with their clients and demonstrated their commitment to the safety and security of their users’ assets.

FAQ

1. Q: Will the affected users receive full compensation for their asset losses?
A: Yes, KuCoin has promised to fully compensate all verified asset losses caused by the mentioned fraudulent activities.

2. Q: What other measures has KuCoin taken to protect its users’ assets?
A: KuCoin is currently investigating and blocking any suspicious addresses and has pledged to tighten their security measures.

3. Q: Is KuCoin still a reliable cryptocurrency exchange after the attack?
A: Yes, the prompt actions taken by KuCoin to counteract the attack have demonstrated their dedication to the safety and security of their users’ assets.
In conclusion, the recent attack on KuCoin’s Twitter accounts has led to the embezzlement of assets from multiple users. However, KuCoin’s prompt reaction, customer care measures, and other prompt measures have been implemented to restore control and trust among their customers. KuCoin will continue to focus on improving their security measures to maintain a safer and secure environment for their users.

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