On September 26th 2020, members of the crypto-community begun noticing that a very large amount of crypto was being transferred from the KuCoin hot wallet into an unknown Ethereum address. KuCoin, the exchange in question, did not release any sort of statement which naturally worried users, because if this was a change in addresses for security reasons it must have been announced beforehand.
KuCoin’s Statement
After hours of quietness, KuCoin finally came out with a statement acknowledging the situation and stating that their CEO Johnny Lyu will be making a full transparent update via a livestream. The livestream’s summary was that KuCoin was indeed hacked and that the exchange will be making users whole with the help oof their insurance fund. The amount in question however is very large ($150M), whether this takes place is yet to be seen.
Tether Block
USDT being issued by a central authority keeps all transactions under the purview of Tether. Paolo Ardoino, CTO of Tether, tweeted that they have frozen funds (USDT) stolen by the hacker:
- 20M USDT on Ethereum
- 13M USDT on EOS
- 1M USDT on Omni
- 1M USDT on Tron
A total of $35M would have never been recovered if it wasn’t for the centralisation of Tether.
Hacker Dumps
After obtaining a large amount of different coins and tokens, of which $35M (USDT) was taken back, the hacker decided to exchange all ERC20 for ETH. The medium used was the decentralised exchange Uniswap and the first asset to take a hit was OCEAN. The token dumps were separated by time intervals (TWAP) to maximise the amount of ETH the hacker would obtain as the hits taken by the market was large. OCEAN took a hit larger than -10% on that day and SNX was the second asset to take such a hit, which very quickly recovered.
Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
