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KuCoin Hacker Swapped LTC For BTC On CEX Crypto Exchange

The KuCoin hacker swapped LTC for BTC on the CEX crypto exchange according to the reports by Chainalysis that we have in our cryptonews. About $13 million from the recent hack were laundered through decentralized exchanges but more than $9 million went to centralized exchanges. According to the reports by Chainalysis, there were about $281 million stolen from the KuCoin hack and the hackers purchased 875 BTC from centralized exchanges using stolen coins like Litecoin. Most of the funds were laundered using decentralized exchanges. The path of KuCoin’s stolen funds. Image Chainalysis The new report by Chainalysis sheds light on…

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KuCoin CEO Says The Hack Was “Small”, Insurance Will Cover Everything

KuCoin CEO Johnny Lyu explained that the recent hack of the exchange was actually small and that the insurance of the company will cover everything as we are reading further in the latest crypto news. Following the KuCoin $150 million hacks, during a live session on YouTube, the KuCoin CEO said that the hack was not that big and the next move is to salvage the situation while giving comfort to the users. He also noted that although he cannot show how much of the company’s total assets were affected, the stolen fund’s amount is small for the exchange and…

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Hacked Bitcoin From Bitfinex Worth $28 Million On The Move Again

The hacked Bitcoin from Bitfinex worth $28 million from 2016 started moving again to several unidentified addresses yesterday as per the WhaleAlert reports that we have in our Bitcoin latest news today. Little over than 2550 Bitcoin worth $27.7 million stolen in the 2016 Bitfinex hack, moved yesterday according to Whale Alert, and the funds were sent as Bitcoin’s price skyrocketed to break the $11,000 price point. The two Bitfinex hacks were some of the biggest Bitcoin scams and hacks of all time and also back in 2015 the customers lost more than 1500 BTC. In 2016, a second hack…

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27. At 6:15 p.m. (ET) on Monday, bitcoin (BTC) reached $11,379 per coin on Bitfinex. The hackers moved the $28 million worth of BTC in various fractions six hours prior to the price high, according to statistics from…

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Cryptopia Hack Victim Prepares To Sue Liquidator Grant Thornton

A Cryptopia hack victim is preparing to sue the liquidator in question Grant Thornton as the tale’s extended liquidation is posed to see new legal action from the major token issuer as we are reading more in the latest crypto news today. Legal representation for GNY, the company that is focused on artificial intelligence and the issuer of LML, filed a notice to the liquidators’ failure to comply with the duties. Grant Thornton was accused of botching their handling of hacked and defunct cryptocurrency exchange Cryptopia. This notice is the final step before a lawsuit which will only add more…

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