$88,000 in Stolen Funds Flowed into KuCoin

In the cross-EVM wallet theft incident, it has been detected that $88,000 out of the total $1.37 million in damages has flowed into KuCoin. On August 25, the scale of the incident was approximately $500,000, with the attack address identified as 0x861E...BA55. The incident on August 10 had a damage scale of about $870,000, with the attack address confirmed as 0x5172...2c0e. In the August 25 incident, funds were converted from Ethereum to Solana through a cross-chain exchange before entering KuCoin, while in the August 10 incident, funds were converted to Tether via Optimism and Arbitrum routes and deposited into the same exchange. The inflow to KuCoin was approximately $47,000 and $41,000, respectively. Deposits to centralized exchanges can be further verified through on-chain tracking. KuCoin recently announced that it would restrict certain trading routes due to sanctions and regulatory compliance. It has not yet been confirmed whether both incidents were carried out by the same actor. Approximately 8.31 ETH, which had not moved until recently, has reportedly begun to be transferred. This incident is an example of stolen funds not remaining on a single chain but moving to other networks and exchanges through bridges and swaps, with no mention of any actions or recoveries by the exchange.

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