The misleading post on KuCoin’s Turkey X account has now been removed.
The hackers utilized the KuCoin Turkey account to make fraudulent announcements.
An assault on KuCoin’s Turkey X account occurred on Saturday, April 13, making exchange seem like the latest victim of a cyber assault.
The hackers then proceeded to utilize the KuCoin Turkey account on X to make further fraudulent announcements in an effort to deceive more people after the breach. Nevertheless, the misleading post on X has now been removed, and the KuCoin account has assured customers that their funds are secure.
Security Concerns
It was previously reported that last year, the official X account of KuCoin was taken control of. The perpetrators posted phishing links on the feed of the account. Similary, hackers also took over the Kucoin Turkey X account today, posting misleading updates.
Notably, hacks that compromise user safety due to crypto have recently been a common occurrence in the crypto sector. It would indicate that KuCoin’s X accounts are a prime location for such actions, which is in line with this.
Even if these statements were removed soon after, the mystery regarding the security of crypto users remained. In the meantime, KuCoin warned users from interacting with the Turkey account on X and indicated that the corporation is investigating the problem in its statement.
At the same time, users could breathe a sigh of relief knowing that their payments would be secure, even in the wake of the breach on the Kucoin Turkey X account.
The aforementioned incident serves to emphasize the growing dangers that users confront due to the widespread usage of cryptocurrencies throughout the world. Hackers have often targeted prominent figures and firms to promote phishing links.