{"id":564002,"date":"2020-09-26T12:08:53","date_gmt":"2020-09-26T09:08:53","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564002"},"modified":"2020-09-26T12:08:53","modified_gmt":"2020-09-26T09:08:53","slug":"bitfinex-and-tether-freeze-33m-usdt-from-kucoin-hack","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitfinex-and-tether-freeze-33m-usdt-from-kucoin-hack\/","title":{"rendered":"Bitfinex and Tether Freeze $33M USDT from KuCoin Hack"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack<\/strong><\/li>\n<li><strong>Bitfinex has frozen $13 Million Tether (USDT) on EOS<\/strong><\/li>\n<li><strong>Tether has frozen $20 Million USDT on Ethereum<\/strong><\/li>\n<li><strong>Binance has pledged its support in the recovery efforts of funds from the hack<\/strong><\/li>\n<li><strong>KuCoin has offered a $100,000 reward for vital information related to the hack<\/strong><\/li>\n<\/ul>\n<p>Moments ago, the CTO of Bitfinex and Tether, Paolo Ardoino, informed crypto twitter that both <a href=\"https:\/\/en.ethereumworldnews.com\/bitfinex-switches-all-crypto-information-widgets-to-coingecko\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitfinex<\/a> and <a href=\"https:\/\/en.ethereumworldnews.com\/weiss-ratings-avoid-exposure-to-tether-usdt\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tether<\/a> had frozen a total of $33 Million USDT related to <a href=\"https:\/\/en.ethereumworldnews.com\/kucoin-to-cover-all-user-losses-from-recent-150m-crypto-hack\/\" target=\"_blank\" rel=\"noopener noreferrer\">the KuCoin hack<\/a>. According to Mr. Ardoino, Bitfinex froze $13 Million USDT on <a href=\"https:\/\/en.ethereumworldnews.com\/eosfinex-by-bitfinex-inches-closer-to-an-eos-mainnet-launch\/\" target=\"_blank\" rel=\"noopener noreferrer\">the EOS network<\/a> whereas Tether froze $20 Million on the Ethereum network.<\/p>\n<p>Below is Mr. Ardoino&#8217;s tweet notifying the crypto-verse on the actions taken by both Bitfinex and Tether.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">PSA: re <a href=\"https:\/\/twitter.com\/hashtag\/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#KuCoin<\/a> hack<a href=\"https:\/\/twitter.com\/bitfinex?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@bitfinex<\/a> froze 13M Tether USDt on EOS as part of the hack<a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Tether_to<\/a> just froze 20M Tether USDt sitting on this Ethereum address <a href=\"https:\/\/t.co\/GYmESH44da\" rel=\"nofollow\">https:\/\/t.co\/GYmESH44da<\/a> as precautionary measure.<\/p>\n<p>Stay safe everyone!<\/p>\n<p>&mdash; Paolo Ardoino (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1309771801581494272?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 26, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>CZ and Binance Pledge Full Support in Fund Recovery<\/h2>\n<p>CZ and the team at Binance have also pledged their full support to KuCoin in the recovery of funds and bringing to justice those responsible for the recent hack. <a href=\"https:\/\/en.ethereumworldnews.com\/cz-invites-eth-defi-projects-to-migrate-to-the-binance-smart-chain\/\" target=\"_blank\" rel=\"noopener noreferrer\">CZ<\/a> also <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1309696267274956800\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">took to twitter<\/a> to express the exchange&#8217;s commitment to the matter.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">As always, <\/span><span class=\"r-18u37iz\">#Binance<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> has been actively helping other exchanges that got hacked. The sooner we get notified, the more we can help. We will work together to make the industry <\/span><span class=\"r-18u37iz\">#SAFU<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">-er.<\/span><\/p>\n<p>Our team got notified relatively early for this one. We will do what we can to help.<\/p>\n<p>&#8230;Freezing deposits that come our way. Help with blockchain analysis, security audits\/advices, and even helping connecting with other exchanges, or to law enforcement agencies in different parts of the world.<\/p><\/blockquote>\n<h2>KuCoin Flags Several Crypto Addresses and Transactions<\/h2>\n<p>In <a href=\"https:\/\/www.kucoin.com\/news\/en-kucoin-ceo-livestream-recap-latest-updates-about-security-incident\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a recent security update<\/a> of the incident, the crypto exchange of KuCoin provided the following ETH wallet where the hack originated. This address has also been flagged by the team at EtherScan.io.<\/p>\n<blockquote><p><a href=\"https:\/\/etherscan.io\/address\/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23<\/a><\/p><\/blockquote>\n<p>Additionally, KuCoin also flagged the following ETH and ERC-20 transactions<\/p>\n<blockquote><p>0x4b738df5d7f12e3fa1cbe83b8165c542da461ef0c9255fc1a3f275259a92623b<\/p>\n<p>0x56fd1c3c8cc861c8abceafac7a175ccfb53bb87877750b0bfbd9581d8c52c1bc<\/p>\n<p>0x57e205922325104f9d132ff7cdbb7eb94bfe15049b5c71cb7328f72bc69a7122<\/p>\n<p>0xd2b21c8bb5c0bfafc98e86a2e924f3fe4223356748486bdccccdb8f58e16aa93<\/p>\n<p>0xdf1f8ce5d491728a2573591b253e2a9ec6abda723c7d984af1f6f154cd231ed9<\/p>\n<p>0xc3bd740534a530cfa5060daf937a24c5c90b1783550c6d9fa61daa2c1873e734<\/p>\n<p>0x5bf11bd22b6653870c1ba8cad69ae0691e08d9f73762a5adfc9e37f1892d9eee<\/p><\/blockquote>\n<h2>$100,000 Reward For Credible Information Regarding the Hack<\/h2>\n<p>Furthermore, KuCoin has announced a $100,000 reward for valid information regarding the incident. Any tips can be sent to business@kucoin.com.<\/p>\n<blockquote><p>KuCoin is investigating the incident with international law enforcement, and we will offer rewards of up to $100,000 to those who can provide valid information to us regarding this incident. Please contact\u00a0<u><a href=\"mailto:business@kucoin.com\" target=\"\" rel=\"noopener noreferrer\">business@kucoin.com<\/a><\/u>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from the hack KuCoin has offered a $100,000 reward for vital information related to the hack Moments ago, the CTO of Bitfinex and Tether, Paolo Ardoino, informed crypto twitter that both [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":564005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,828],"tags":[1119,353,4718,1035,108171,1811],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564002"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564002"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/564005"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}