KuCoin Official Statement: Standing with Bybit & Strengthening Crypto Security

Dear KuCoin Community,

We are deeply concerned about the recent $1.4 billion security breach at Bybit and stand in full support of Bybit, its team, and CEO Ben Zhou as they work through this challenge. Crypto security is a shared responsibility, and KuCoin is committed to assisting in monitoring fund movements and freezing any suspicious assets to help mitigate the impact.

At KuCoin, security is our highest priority. We have implemented industry-leading risk controls, multi-layer protection, and 24/7 monitoring to safeguard user assets.

To further protect your account, we strongly recommend:
✔ Enabling Two-Factor Authentication (2FA) for an extra layer of security
✔ Using Passkeys for seamless, phishing-resistant authentication
✔ Setting strong, unique passwords
✔ Staying alert against phishing attempts and verifying official KuCoin communications

We firmly believe that collaboration across exchanges is essential in combating cybercrime and strengthening industry-wide security. KuCoin remains committed to working with our partners to fortify exchange security and hold malicious actors accountable.
 
If you have any questions or need support, our team is here to help.

KuCoin Team
February 22, 2025