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KUCOIN leaks about $500 million in crypto assets on the Ethereum network.

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#DeFi
TechFlow
323Words
Mar 27, 2024

After the US government filed a criminal lawsuit against KUCOIN, assets worth approximately $500 million have flowed out from KUCOIN on the Ethereum network in the past few hours. The outflowing assets include 274 million $USDT, 15,500 $ETH (equivalent to $55 million), 50 million $ONDO (equivalent to $46 million), 12 million $FET (equivalent to $34 million), and 95.38 million $GHX (equivalent to $21.8 million). Currently, KUCOIN's hot wallet still holds assets worth over $3.6 billion on the Ethereum network.

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