KuCoin ‘s Twitter Account hack Caused Asset Losses of More Than $22,000

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By Degen Lipsa

KuCoin was the most recent victim of a Twitter breach, which cost its customers assets totaling more than 22,000 USDT.

Due to bogus activity created by hackers when KuCoin’s Twitter account was briefly stolen, users of the site lost over 22,000 USDT.

The cryptocurrency exchange was able to restore its account and made a commitment to compensate impacted customers.

On Monday, April 24, hackers claimed control of KuCoin’s Twitter account for 45 minutes in order to promote a false event. Despite the incident’s brief duration, the company reported that it was able to link 22 transactions, including ETH and BTC, to the fraudulent activity, with a total loss of 22,628 USDT.

KuCoin was the most recent victim of a Twitter breach, which cost its customers assets totaling more than 22,000 USDT.

The cryptocurrency exchange’s Twitter account has subsequently been restored, but it was emphasised that it was the only platform that had been compromised, suggesting that the website and other social media accounts were secure.


As a result of the incident, KuCoin pledged to compensate impacted users while conducting investigations and blocking suspect addresses. The platform added that it would strengthen security to avoid any incident of this nature in the future.

Kucoin Twitter hack

The most recent development demonstrates how hackers continue to promote phoney freebies on popular Twitter accounts in order to defraud people of their money.


As previously reported , hackers took control of Circle’s Chief Strategy Officer Dante Disparte’s Twitter account and used it to advertise a phoney USDC airdrop. Additionally, rogue actors used News24’s Twitter account to promote an XRP airdrop. Another victim was Robinhood, whose Twitter account was exploited to announce a cryptocurrency that was allegedly developed by the platform.


Cryptocurrency owners are cautioned not to transmit tokens to anyone who claims to be able to multiply returns. They should also exercise caution when visiting links that seem suspicious because they can be fakes.

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