KuCoin has assured compensation for all users who lost funds due to the hackers' actions on the exchange's Twitter account. The hack led to a decline of over 2% in the KCS token.
The issue has since been resolved and the exchange is taking additional measures to beef up security.
The compromised Twitter account promoted fake activity in a bid to take money from users. The exchange has clarified that the extent of theKuCoin will compensate affected usersposted by KuCoin on Twitter, the exchange’s social media account was compromised for 45 minutes from 00:00 earlier today . The exchange has assured reimbursement for all verified asset losses caused by the social media breach. The exchange further assured that all assets on the exchange were secure and accounted for.
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