Kucoin hacked

News updates about the Prohashing pool
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Steve Sokolowski
Posts: 4109
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Kucoin hacked

Post by Steve Sokolowski » Mon Sep 28, 2020 3:31 pm

Unfortunately, the Kucoin exchange was hacked and suffered massive losses, estimated by some to be as high as $200m. Some of our coins, like NRG, are only traded at Kucoin, and therefore we have no way to pay customers earning those coins. We expect to lose about $2000 in the likely event that Kucoin enters bankruptcy.

A number of payout coins have been disabled as a result of this hack. We're currently investigating how to proceed with Kucoin and will update everyone in this thread. Until we have more information, payouts are indefinitely suspended for the coins that are only traded on Kucoin; you can see which ones those are by looking for coins in the "Live" tab where "Kucoin" is listed as a "Trading disabled" exchange. We apologize for the impact this issue has on customers.

Customers who were earning those coins will have their payout proportions reallocated to other coins that are traded on at least one exchange other than Kucoin.
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Steven Godshall
Posts: 14
Joined: Tue Mar 03, 2020 11:04 am

Re: Kucoin hacked

Post by Steven Godshall » Tue Sep 29, 2020 12:21 pm

Our coins that only have Kucoin markets and are currently affected by the Kucoin restrictions are KucoinShares (KCS), Energi (NRG), CryptoComCoin (CRO), and SynthetixNetworkToken (SNX).

Update: We found and added a market for SynthetixNetworkToken on Binance, so people can resume earning this coin.
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