He noted that the KuCoin team would continue to pay attention to the development. According to Lyu, KuCoin is currently protecting users’ assets. Johnny Lyu, the CEO of KuCoin, also responded to the development. He noted that he would tweet about how investors can reclaim their funds when the dust settles. Shortly after the disclosure, ReXx revealed that MEXC had frozen an additional 600 million LUNC in pending deposits. MEXC also immediately suspended LUNC deposits on its platform to address the situation. I am working with the remaining exchanges to freeze the other transactions. Here is the current balance sent to MEXC exchange that is now FROZEN. ReXx noted that MEXC had frozen $124K+ worth of the assets. ReXx, a Terra Classic community member and one of the first people to call attention to the hack, disclosed shortly after the event gained momentum that he was in talks with MEXC to freeze some of the hacked assets deposited into the exchange. We have long cooperated with other exchanges to jointly fight against illegal behaviors and promote the sound development of the… MEXC has always acted fast in fighting evil. The MEXC team has been working with Binance in the shortest possible time to freeze illicit assets. Responding to CZ’s remarks, the MEXC Global team noted that it was working collaboratively with Binance to ensure that the hacked funds were frozen. Some of the hacked funds was deposited to MEXC and KuCoin. Our analysis shows no funds were deposited in Binance. CZ highlighted that some funds were sent to MEXC Global and KuCoin. And I am a "slow middle man".Īn hour later, the Binance Chief disclosed that the exchange’s security team had reviewed the transactions and found none of the stolen funds on Binance. We have a SOP for it, it's faster than going through me. In response, CZ asked that the appropriate parties submit a customer service case as soon as possible, as going through him would make the process slower. Rajia Bibi, CEO of DRIV3N LIMITED and crypto enthusiast, called CZ’s attention to the hack shortly after it gained the limelight. CZ’s remarks came in response to calls from the community.ĭr. Binance CEO Changpeng “CZ” Zhao has responded to the Terraport hack, which drained the platform’s liquidity account of billions of Terra Classic (LUNC) tokens.
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