Over $150M Drained in KuCoin Crypto Exchange Hack.
Over the weekend, a hacker breached KuCoin’s hot wallets absconding with some $150 million in crypto. KuCoin said in a statement that it detected large withdrawals of bitcoin (BTC) and ethereum (ETH) tokens to an unknown wallet beginning at 19:05 UTC time on Friday. The exchange’s chief executive Johnny Lyu said KuCoin has transferred the remaining funds from compromised wallets to new addresses and momentarily froze customer deposits and withdrawals. While other exchanges including Bitfinex and Tether have blacklisted the stolen funds. An investigation is underway and stolen customer money will be “covered completely” by an insurance fund, Lyu said.
news coming from Ada & Wolfie via Coindesk
Why Wrapped BTC is not real Bitcoin.
114,889 Bitcoins have been converted to Ethereum-based representations of Bitcoin.
Wrapped BTC dominates the synthetic BTC market.
This BTC can be used on DeFi protocols, which grow more popular by the day.
"If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts and leave us a quick rating or even a review?
Please leave a Review. Just go to ThrillerRating.com and that should open up Apple Podcasts.
Podcast reviews are pretty darn important and the more reviews we receive, the more likely we'll be able to get Thriller Premium in front of more people.
I am very appreciative for each one of you and would be extremely grateful if you left a 5 star review showing support. I read pretty much all the reviews that you guys leave over there. Thank You."
🔊 For Podcast ⚡ Lightning ⚡ Listeners
You can now use an app and support streaming sats to Thriller Premium.
Mobile: Breez is an excellent non-custodial Lightning wallet
Mobile + Desktop: Sphinx Chat also supports streaming to podcasts
Desktop/Browser: podStation browser extension
Mobile + Desktop: PodFriend as app and on web
Mobile + Desktop: CurioCaster as a progressive web app
More information is available at https://satoshis.stream