Cybersecurity

KuCoin criticized for helping 'launder' $9.5M from fake Ledger app

Ali Nemati7 hours ago26 sec read2 views0 listens

Blockchain investigator ZachXBT has linked a fraudulent Ledger Live app to over 50 victims who collectively lost $9.5 million in cryptocurrency, with stolen funds traced to KuCoin deposit addresses. This incident highlights the need for stricter security measures and due diligence by crypto exchanges to prevent money laundering activities, raising concerns among developers and tech professionals about the integrity of such platforms.

Read the full article at Protos

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