KuCoin, one of the leading Bitcoin and altcoin exchanges, reported that its official Twitter account was hacked earlier today. The announcement was made by the exchange on its official Telegram channel in the morning. Here are the details…
Twitter account of Bitcoin exchange hacked
cryptocoin.com As we have also reported, KuCoin, one of the major Bitcoin exchanges, made a hack announcement today. It was announced that the official Twitter account of the exchange was seized. The exchange stated that it has taken immediate steps to address the issue and asks all users to avoid clicking on suspicious links that may be shared via KuCoin Twitter. The exchange also apologized to its users for any inconvenience this may cause.
The hack has raised concerns about the security of the cryptocurrency exchange and its users. This isn’t the first time a cryptocurrency exchange has been targeted by hackers. In fact, such events are becoming more and more common as more and more people invest in cryptocurrencies. In response to the hack, KuCoin assured its users that it has taken all necessary measures to resolve the issue as quickly as possible. The exchange did not provide further details on the nature of the attack or the extent of damage caused by the breach.
How to deal with hacking incidents?
This event reminds all cryptocurrency investors to be vigilant and take the necessary precautions to protect their investments. It is important to use secure passwords and enable two-factor authentication on all cryptocurrency accounts. In addition, investors should be wary of suspicious emails or messages that could be phishing attempts to steal sensitive information.
Overall, the hack on KuCoin highlights the need for better security measures and stronger regulations to protect cryptocurrency exchanges and their users. As the use of cryptocurrencies continues to increase, it is important for exchanges to invest in advanced security systems to prevent such incidents from occurring in the future.
KuCoin under the lens of regulators
Meanwhile, KuCoin remains in the focus of regulators. New York State Attorney General Letitia James sued the exchange last month, alleging that the exchange was an unregistered broker or seller of commodities and securities. In a lawsuit filed against the Seychelles-based firm on Thursday, James said the crypto exchange “offers, sells and sells cryptocurrencies in New York City without being registered as a commodity broker-agent and securities broker or brokerage firm in New York. He argues that he received and carried out the transactions”. Notably, the lawsuit also listed Ethereum as an unregistered security. In other words, the KuCoin lawsuit also triggered discussions about Ethereum’s security status.
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