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Home Markets Cryptos

Over 1,000,000 stolen XRP transferred from Kucoin to major crypto exchanges

Olumide Adesina by Olumide Adesina
September 29, 2020
in Cryptos
Ripple reports 1,760%  surge in XRP sales in Q2 2020
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In a series of tweets by Whale Alert, an advanced crypto tracker showed how crypto robbers transferred over a million XRP stolen from Kucoin to crypto exchanges like BYEX, Binance, in more than eight transactions at the time this report was written.

Here are some of the transactions captured by Nairametrics:

⚠ 66,882 #XRP (16,152 USD) of stolen funds transferred from Kucoin Hack 2020 to #BYEX

Tx: https://t.co/4xkfhQdrzI

— Whale Alert (@whale_alert) September 29, 2020

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⚠ 119,271 #XRP (28,932 USD) of stolen funds transferred from Kucoin Hack 2020 to #BYEX

Tx: https://t.co/6lcaYeosIf

— Whale Alert (@whale_alert) September 29, 2020

⚠ 119,271 #XRP (28,932 USD) of stolen funds transferred from Kucoin Hack 2020 to #BYEX

Tx: https://t.co/6lcaYeosIf

— Whale Alert (@whale_alert) September 29, 2020

Recall Nairametrics about two days ago broke the news when KuCoin Global CEO, Johnny Lyu in a statement disclosed yesterday about a reported hack lately in detail after private keys linked to crypto wallets got exposed and might have affected $150 million in user funds.

READ: Bitcoin is becoming scarce as BTC Miners sell less BTCs

He added by saying the findings of the internal security audit report, revealed part of  Bitcoin, ERC-20, and other tokens in KuCoin’s hot wallets were transferred out of the crypto exchange, which contained few parts of the total assets holdings.

More details will be released as the story is developing …


Follow us for Breaking News and Market Intelligence.
Tags: BinanceBitcoinBYEXcryptoKucoinXRP
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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