KuCoin CEO on Cryptopia hack: "KuCoin will freeze any funds from Cryptopia"

17 Jan, 2019
by Ryan Boltman
News
KuCoin CEO on Cryptopia hack: KuCoin will freeze any funds from Cryptopia

Following the hack earlier this week of New Zealand crypto exchange which saw roughly $13 million stolen from the exchange, KuCoin CEO has announced that their exchange will ensure they stop any hacked funds from Cryptopia from being sold on their exchange.

KuCoin CEO Michael Gan announced in a twitter post that KuCoin will ensure that all funds sent from Cryptopia will be halted. The CEO stated "For anyone who cares about the Cryptopia hack, KuCoin will freeze any funds from Cryptopia. Please rest assured."

The news will come as a relief to some users as well as Cryptopia, as the hackers have tried sending funds to Binance already. Binance were alerted about the movement of hacked funds and the exchange, along with founder Changpeng Zhao were quick to freeze the funds. 

Recap: Binance freezes stolen Cryptopia funds after Twitter warning

CZ announced yesterday that they were also able to freeze some of the funds, and would continue to do so especially with the community updating Binance so quickly. 

Little more is known about the Cryptopia hack or what the total damage is so far, what is known is that most ERC-20 tokens as well as Ethereum were taken, all estimated at roughly $13 million so far. 

Also Read: Breaking: New Zealand cryptocurrency exchange Cryptopia hacked

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