Tether Freezes $30 Million USDT After Kucoin Hack

kucoin hacker usdt frozen sep 2020

$20 million USDTs on an address known to belong to the Kucoin hacker have been frozen said Paolo Ardoino, Bitfinex’s COO. Another $13 million have been frozen on EOS “as part of the hack,” Ardoino said. The hacker is seen trying to move some USDt but the ethereum blockchain told him “Error in Txn: Reverted.” There are close to $20 million USDT in the hacker’s address which he can now not move any further, but some $150 million worth of assets were stolen in total. “According to the latest internal security audit report, part of Bitcoin, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings. The assets in our cold wallets are safe and unharmed, and hot wallets have been re-deployed,” they say. So their hot wallet has been drained with it unclear how as they…

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