- KuCoin Turkey X account hacked, deceptive messages broadcasted.
- KuCoin reassures users’ assets are safe post-cyberattack.
- Crypto industry faces increasing security breaches, user safety at risk.
On Saturday, April 13, KuCoin’s Turkey X account was compromised in an attack, positioning the exchange as the most recent entity to suffer from a cyberattack.
Following the initial breach, the attackers used the compromised KuCoin Turkey X account to broadcast additional deceptive messages, aiming to trick a larger audience. However, the fraudulent communication on X has since been taken down, and KuCoin has reassured its users that their assets are safe.
Security Issues
It was earlier reported that KuCoin’s official X account was hijacked last year. The attackers used the account to disseminate phishing links. Similarly, today, hackers who posted false information overtook the KuCoin Turkey X account.
It is worth noting that the crypto industry has seen a recent uptick in security breaches that endanger user safety. This suggests that KuCoin’s X accounts are particularly vulnerable to such malicious activities.
Although these false posts were quickly deleted, concerns about the safety of cryptocurrency users’ information linger. KuCoin has advised its users to avoid engaging with the Turkey X account and has announced that they are actively looking into the incident.
Meanwhile, users have been given some peace of mind with the assurance that their funds remain protected despite the security lapse involving the KuCoin Turkey X account.
This event underscores the escalating risks faced by users due to the global proliferation of cryptocurrency use. Hackers continue to target high-profile individuals and organizations to circulate phishing links.
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