The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
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

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.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

See new articles first and be able to ask our journalists questions in our private Discord.

View All Projects and Sectors

Discover projects and crypto sectors with our curated data for over 50 verticals.

Improved Data & Analytics

See the real=time price charts, social sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements from Edge members for a clean experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH