After unplanned movement of $150M in funds, KuCoin discloses hack

Singapore-based cryptocurrency exchange KuCoin has been hacked.

In a blog post released on Friday night, the exchange disclosed that it had "detected some large withdrawals since September 26, 2020" from its hot wallet. While the exchange has not disclosed the amount lost in the hack, one of the Ethereum addresses associated with the hack shows roughly $150M in funds stolen.

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