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30 October 2020

Freeze, pause, reboot: Projects react differently to $200M KuCoin hack

Freeze, pause, reboot: Projects react differently to $200M KuCoin hack


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The CEO said KuCoin coordinated with VIDT_Datalink to freeze and recover $14 million of the stolen 14.49 million VIDT tokens as well as worked with Covesting to freeze and recover $560,000 COV tokens.

Lyu said that KuCoin had worked with Silent Notary to upgrade its SNTR contracts and replace 78.9 billion of the stolen tokens, or roughly $100,000.

KuCoin also worked with the Orion Protocol to complete a 3.81 million ORN token swap, worth approximately $8.8 million at the time of writing, and with Velo Labs to re-deploy and replace 120 million VELO tokens transferred to the hacker’s address, worth roughly $70.8 million.

27, crypto tracker Whale Alert reported that the KuCoin hackers had moved 540,000 Synthetix Network tokens (SNX) — worth roughly $2.7 million — in several transactions to unknown wallets

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