On September 25, 2020, KuCoin fell victim to a massive hacker attack. The hacker managed to withdraw a total of $ 281 million in cryptocurrency from hot wallets. The KuCoin platform took responsibility for the counter-attacks and managed to recover most of the stolen funds with the help of its partners in the cryptocurrency field. $ 204 million in cryptocurrency was returned to users.
The total number of stablecoins in circulation has reached $ 20 billion, and the market value of USDC is $ 2.53 billion, which is 13% of the total number of stablecoins in circulation. The rise in USDC has brought Tether's dominance to below 80%, which has never been the case in the era of modern stablecoins.