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Project Overview
Founded in 2017, KuCoin is a leading global crypto platform built on trust. With established recognition for its reliability, the platform leverages cutting-edge blockchain technology, robust liquidity solutions, and advanced user account protections to deliver a secure trading environment. With over 40 million registered users across 200+ countries and regions, KuCoin is committed to empowering the digital economy by providing secure, innovative, and compliant solutions tailored to meet the needs of its global community. The exchange provides access to over 1500 digital assets and a wide array of services, including Web3 Wallet, Spot Trading, Futures trading, institutional wealth management, and cryptocurrency payments.
KuCoin Suspends Services for Russian and Belarusian Users, Provides Asset Withdrawal Process
Odaily reports: Cryptocurrency exchange KuCoin has announced the immediate suspension of all products and services for users in Russia and Belarus, citing legal and regulatory compliance considerations. KuCoin will provide an orderly exit process allowing users to withdraw their assets.On Thursday, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custodians. The central bank's register currently lists 23 cryptocurrency exchanges and 8 digital asset custodians, and registered entities must join a self-regulatory organization within 90 days. (Cointelegraph)
KuCoin Nigeria Receives Conditional Approval in Principle, Joins Nigeria SEC's Accelerated Regulatory Incubation Program
Odaily News: KuCoin Nigeria Limited has received Approval in Principle (AIP) from the Nigeria Securities and Exchange Commission (SEC Nigeria), granting it admission to the Accelerated Regulatory Incubation Program (ARIP). This approval does not constitute final registration, a license, or endorsement, nor does it authorize the company to commence operations, onboard customers, list digital assets, offer trading or P2P services, process fiat on/off-ramps, or custody customer assets; the company will not launch related business activities until all pre-commencement conditions are met and further written permission is obtained from SEC Nigeria.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the incident, and the team has committed to fully compensating affected users. On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Midnight：Multiple Exchanges Including Binance Freeze Funds Involved in Cross-Chain Bridge Attack
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
Platform unaffected, KuCoin says user assets are safe
Odaily Report: KuCoin officially stated that it has noticed reports circulating on social media regarding a security incident affecting multiple platforms. KuCoin was not affected, user assets remain safe, systems are operating normally, and both trading and withdrawal services are fully available.
$11 Million Returned: 79AU Hot Wallet 79thVault Attacker Returns 15,000 BNB
Odaily News: According to PeckShield monitoring, the attacker behind 79AU's operational hot wallet 79thVault has returned 15,000 BNB, worth approximately $11 million, to a wallet address designated by the project team. Additionally, the attacker had previously deposited 30 BNB into KuCoin. The disposition of the remaining funds is currently unclear. Earlier, 79thVault on BNB Chain suffered losses of approximately $12.5 million, possibly due to a private key leak. The team's operational hot wallet typically only makes small transfers to the reward pool, but recently the address transferred 2.01 million 79AU from trading pairs to external addresses in 7 transactions, with amounts of 10,000, 100,000, 100,000, 300,000, 500,000, 500,000, and 500,000 tokens respectively.
Two wallets suspected to belong to the same whale or institution withdrew 110 million Lobster tokens, 11% of the total supply, with today's price up over 40%
According to on-chain analyst Yu Jin, two wallets likely belonging to the same whale or institution withdrew 110 million Lobster tokens today from KuCoin and Gate, worth $7.01 million, accounting for 11% of the total Lobster supply. Lobster is up over 40% today.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the incident, and the team has committed to fully compensating affected users. On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Worth $1.507 million, a certain address has accumulated 47,800 VVV and is sitting on a profit of $87,000
Odaily reports: According to on-chain analyst Ai Yi's monitoring, a certain address withdrew 31,500 VVV from KuCoin half an hour ago, worth $1.06 million. This address had previously built a VVV position two days ago, and currently holds a total of 47,800 VVV, worth $1.507 million, with an average withdrawal price of $31.57, and is currently up $87,000.
Platform unaffected, KuCoin says user assets are safe
Odaily Report: KuCoin officially stated that it has noticed reports circulating on social media regarding a security incident affecting multiple platforms. KuCoin was not affected, user assets remain safe, systems are operating normally, and both trading and withdrawal services are fully available.
$11 Million Returned: 79AU Hot Wallet 79thVault Attacker Returns 15,000 BNB
Odaily News: According to PeckShield monitoring, the attacker behind 79AU's operational hot wallet 79thVault has returned 15,000 BNB, worth approximately $11 million, to a wallet address designated by the project team. Additionally, the attacker had previously deposited 30 BNB into KuCoin. The disposition of the remaining funds is currently unclear. Earlier, 79thVault on BNB Chain suffered losses of approximately $12.5 million, possibly due to a private key leak. The team's operational hot wallet typically only makes small transfers to the reward pool, but recently the address transferred 2.01 million 79AU from trading pairs to external addresses in 7 transactions, with amounts of 10,000, 100,000, 100,000, 300,000, 500,000, 500,000, and 500,000 tokens respectively.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the incident, and the team has committed to fully compensating affected users. On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
NEAR Intents attacker address interacted with Lazarus Group flagged address.
According to PeckShield monitoring, the NEAR Intents attacker has transferred the stolen funds to KuCoin and bridged them to BTC; the associated address had previously interacted with addresses flagged as Lazarus Group.
Harmony's preliminary ONE shortage narrows to 6.581 billion after cross-exchange reconciliation
: Harmony has released an update on the exchange reconciliation progress following the August 11 incident. It has verified on-chain deposits/withdrawals and cross-platform fund flows with Binance, Gate, KuCoin, MEXC, OKX, and Binance.US, prioritizing the coordination of restoring ONE deposits, withdrawals, and trading, with specific timelines to be announced separately by each exchange.Harmony stated that after matching 295 cross-exchange transfers totaling approximately 3.493 billion ONE and adjusting for circular transfers and returned funds, the preliminary shortage has been reduced from approximately 10.234 billion ONE to 6.581 billion ONE, a decrease of about 3.653 billion ONE. This change reflects an adjustment in reconciliation methodology and does not equate to newly recovered funds.Among these, Binance's data remains a preliminary upper-bound estimate, while some data from Gate and OKX are still pending final verification. Exchange teams have already frozen significant ONE balances and hacker proceeds. These efforts will be coordinated with the ONE migration and validator transition proposal, and validators may cease operations starting 22:00 Beijing time on September 10.
KuCoin 5.0 Launches AI System Capable of Pausing Analysis and Task Execution During Extreme Market Conditions
Odaily reports: Digital asset trading platform KuCoin has announced the launch of KuCoin 5.0, deploying AI Assistant 5.x and an internal AI system called KIA. The system serves over 45 million users globally and can pause AI analysis, recommendations, and task execution that rely on unreliable data during extreme market conditions or large-scale liquidations.Logan Xie, Head of KuCoin AI Lab, stated that KIA classifies inputs by source credibility and implements source verification, context isolation and sanitization, and context lifecycle management. AI decision support and backend execution logic are isolated from each other, with the trading system responsible for authorization, verification, and execution to prevent unauthorized operations.KuCoin 5.0 also introduces a unified trading account for VIP1 and above users, using KCUSD as collateral and integrating spot, margin, and futures trading; it also supports sub-accounts directly using Earn without manual transfers, and upgrades the personal center, sub-account controls, cross-device K-line charts, and color vision accessibility mode. (Bitcoin.com News)
KuCoin Nigeria Receives Conditional Approval in Principle, Joins Nigeria SEC's Accelerated Regulatory Incubation Program
Odaily News: KuCoin Nigeria Limited has received Approval in Principle (AIP) from the Nigeria Securities and Exchange Commission (SEC Nigeria), granting it admission to the Accelerated Regulatory Incubation Program (ARIP). This approval does not constitute final registration, a license, or endorsement, nor does it authorize the company to commence operations, onboard customers, list digital assets, offer trading or P2P services, process fiat on/off-ramps, or custody customer assets; the company will not launch related business activities until all pre-commencement conditions are met and further written permission is obtained from SEC Nigeria.
Serpin token launched only on Coinbase after TGE, on-chain detective Specter questions 85% refund arrangement
Odaily reports: On-chain detective Specter posted on X platform stating that Serpin issued a token and conducted an ICO for a project that originally did not need a token, and had previously said it would not issue a token; the project remained inactive at TGE, with the token only listed on Coinbase with low liquidity, and not listed on exchanges such as MEXC or KuCoin. Specter stated that participants need to go through a lengthy verification process to recover 85% of their funds, and questioned why the project team does not fully refund participants for its own decisions and mistakes; the project was originally planned to conduct its TGE in September, but was later delayed.
KuCoin launches KCUSD yield product with dynamic APY up to 6%
Odaily News: Crypto exchange KuCoin launched its yield product KCUSD on September 7, available to eligible retail, high-net-worth, and institutional users. Users can subscribe using USDT, USDC, or USDG, with a minimum investment of $1 equivalent in assets. No subscription fees are charged, and redemptions are supported in the same asset.KCUSD adopts a hold-to-earn model, offering a base dynamic annualized yield of up to 4%. During the initial launch period, users who deploy qualifying new funds can earn an annualized yield of up to 6%.KuCoin stated that it plans to integrate KCUSD as margin collateral in the future, connecting liquidity, yield, and trading functionality. (Bitcoin.com News)
Harmony's preliminary ONE shortage narrows to 6.581 billion after cross-exchange reconciliation
: Harmony has released an update on the exchange reconciliation progress following the August 11 incident. It has verified on-chain deposits/withdrawals and cross-platform fund flows with Binance, Gate, KuCoin, MEXC, OKX, and Binance.US, prioritizing the coordination of restoring ONE deposits, withdrawals, and trading, with specific timelines to be announced separately by each exchange.Harmony stated that after matching 295 cross-exchange transfers totaling approximately 3.493 billion ONE and adjusting for circular transfers and returned funds, the preliminary shortage has been reduced from approximately 10.234 billion ONE to 6.581 billion ONE, a decrease of about 3.653 billion ONE. This change reflects an adjustment in reconciliation methodology and does not equate to newly recovered funds.Among these, Binance's data remains a preliminary upper-bound estimate, while some data from Gate and OKX are still pending final verification. Exchange teams have already frozen significant ONE balances and hacker proceeds. These efforts will be coordinated with the ONE migration and validator transition proposal, and validators may cease operations starting 22:00 Beijing time on September 10.
GOLD token developer startup funds trace back to KuCoin, with PLATINUM token deployed
Odaily News: The startup funds for the GOLD token developer can be traced back to KuCoin, and the funds from 15 operational wallets can be traced back to Binance; the group also deployed the Trump Digital Platinum token, PLATINUM.
Related news
Platform unaffected, KuCoin says user assets are safe
Odaily Report: KuCoin officially stated that it has noticed reports circulating on social media regarding a security incident affecting multiple platforms. KuCoin was not affected, user assets remain safe, systems are operating normally, and both trading and withdrawal services are fully available.
KuCoin Suspends Services for Russian and Belarusian Users, Provides Asset Withdrawal Process
Odaily reports: Cryptocurrency exchange KuCoin has announced the immediate suspension of all products and services for users in Russia and Belarus, citing legal and regulatory compliance considerations. KuCoin will provide an orderly exit process allowing users to withdraw their assets.On Thursday, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custodians. The central bank's register currently lists 23 cryptocurrency exchanges and 8 digital asset custodians, and registered entities must join a self-regulatory organization within 90 days. (Cointelegraph)
KuCoin 5.0 Launches AI System Capable of Pausing Analysis and Task Execution During Extreme Market Conditions
Odaily reports: Digital asset trading platform KuCoin has announced the launch of KuCoin 5.0, deploying AI Assistant 5.x and an internal AI system called KIA. The system serves over 45 million users globally and can pause AI analysis, recommendations, and task execution that rely on unreliable data during extreme market conditions or large-scale liquidations.Logan Xie, Head of KuCoin AI Lab, stated that KIA classifies inputs by source credibility and implements source verification, context isolation and sanitization, and context lifecycle management. AI decision support and backend execution logic are isolated from each other, with the trading system responsible for authorization, verification, and execution to prevent unauthorized operations.KuCoin 5.0 also introduces a unified trading account for VIP1 and above users, using KCUSD as collateral and integrating spot, margin, and futures trading; it also supports sub-accounts directly using Earn without manual transfers, and upgrades the personal center, sub-account controls, cross-device K-line charts, and color vision accessibility mode. (Bitcoin.com News)
KuCoin Nigeria Receives Conditional Approval in Principle, Joins Nigeria SEC's Accelerated Regulatory Incubation Program
Odaily News: KuCoin Nigeria Limited has received Approval in Principle (AIP) from the Nigeria Securities and Exchange Commission (SEC Nigeria), granting it admission to the Accelerated Regulatory Incubation Program (ARIP). This approval does not constitute final registration, a license, or endorsement, nor does it authorize the company to commence operations, onboard customers, list digital assets, offer trading or P2P services, process fiat on/off-ramps, or custody customer assets; the company will not launch related business activities until all pre-commencement conditions are met and further written permission is obtained from SEC Nigeria.
South Korean financial authorities block websites of 27 unregistered virtual asset operators, including KuCoin and MEXC
According to reports by South Korean media etoday, the Financial Information Analysis Unit (FIU) of the South Korean Financial Services Commission stated that the Korea Communications Commission has decided to implement domestic access blocking or access suspension measures on the websites of 27 unregistered virtual asset operators, including KuCoin, MEXC, BingX, Phemex, XT.com, Bitrue, CoinW, Poloniex, BTCC, and BitMart. This move further expands the scope of restrictions targeting unregistered operators from mobile app stores to internet web pages.
Serpin token launched only on Coinbase after TGE, on-chain detective Specter questions 85% refund arrangement
Odaily reports: On-chain detective Specter posted on X platform stating that Serpin issued a token and conducted an ICO for a project that originally did not need a token, and had previously said it would not issue a token; the project remained inactive at TGE, with the token only listed on Coinbase with low liquidity, and not listed on exchanges such as MEXC or KuCoin. Specter stated that participants need to go through a lengthy verification process to recover 85% of their funds, and questioned why the project team does not fully refund participants for its own decisions and mistakes; the project was originally planned to conduct its TGE in September, but was later delayed.