KuCoin, a Singapore-based cryptocurrency exchange, was hacked for around $281 million. KuCoin’s security breach was among the largest cryptocurrency hacks in cryptocurrency history. Hackers infiltrated private keys to KuCoin’s hot wallets, gaining control over numerous amounts of various cryptocurrencies and ERC-20 tokens.
KuCoin’s flagship token, KCS, took a big hit. After peaking at 1.43$ in September, the token took a hit after being hacked. Currently, the token is priced at $0.6, the lowest low this year, losing around 60% in value ever since the hack.
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