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DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong
This article is more than 2 years old...

DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong

KuCoin underwent a brutal hack last week that resulted in millions of dollars worth of coins lost.

DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong

Photo by TETrebbien on Unsplash

KuCoin underwent a brutal hack last week that resulted in millions of dollars worth of coins lost.

While the first number reported was $150~160 million due to a lack of transparency on part of the exchange, new information suggests that up to $250 million worth of coins were siphoned out of the exchange’s accounts over a few hours.

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