Ocean Protocol Forks to Retrieve Tokens Stolen From KuCoin Exchange

Artificial intelligence and data service Ocean Protocol has suspended its old contract on the Ethereum blockchain and hard-forked its project, following the $150 million KuCoin hack. On Sunday at 22:00 UTC, Ocean Protocol announced it had migrated from its old token address to a new one to thwart the KuCoin hacker’s attempts to offload 21 million OCEAN tokens worth some $8.6 million.

According to a Sept. 27 blog post from the Ocean Protocol team: “At 1600 GMT, a new contract was instantiated reflecting the balances of OCEAN as of block height 10943665 on the Ethereum mainnet. Moving contract addresses has effectively blacklisted the hacker’s stash of OCEAN tokens.

Timeline of Ethereum, Ocean-protocol, Ultracoin