The hacker(s) who stole $150 million Singaporean exchange KuCoin has begun selling his tokens via the decentralized exchanges, according to the latest information on September 28.

• The criminals behind the KuCoin hack are transferring funds via decentralized exchanges like Uniswap
• At least $5 million in Chainlink (LINK) and Synthetix Network Token (SNX) have been transferred to Uniswap, and $4.2 million has been converted to Ether using Uniswap and Kyber
• Larry Cermak, Director of Research at The Block, believes that the actual sum is more likely to be in the range of $280M, with $147 million in ERC-20 tokens alone being stolen
• Binance, Huobi and OKEx have blacklisted the hacker’s wallet, but the funds are being funneled via DEXs
• The KuCoin team noticed large withdrawals occurring on September 26; the attacker targeted hot wallets holding several different cryptocurrencies, including BTC, ETH and XRP
• Primitive Crypto founding partner Dovey Wan believes that the attackers were amateurs in DeFi, as they could have utilized some of the protocols to better hide their tracks