Kucoin Keeta Network CEO Demands Return of Funds After Security Breach
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- •Keeta Network experienced a security incident with unauthorized access to funds.
- •CEO Ty demands the return of stolen funds within 72 hours, offering rewards for cooperation.
- •The mainnet is in read-only mode while a patch is being tested and a compensation plan is developed.
On August 23, 2026, Ty, CEO of Keeta Network, announced a security incident involving unauthorized access to their payment blockchain. The investigation has progressed significantly, revealing evidence such as IP addresses and email addresses linked to the attackers. Ty has demanded the return of all stolen funds within 72 hours, offering repayment in KTA, ETH, or USDC. If the funds are returned, Keeta is willing to reward the attackers for disclosing the vulnerability, avoiding legal action. The root cause of the incident has been identified, affecting specific components but not the pegging system or external connectivity. The mainnet will remain in read-only mode until patch testing is complete, and a compensation plan for affected users is under evaluation. The situation remains critical as the deadline approaches.
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