Kucoin CEO Says They Found Hackers Who Breached Them

Crypto alternate KuCoin introduced this weekend that it has recognized these accountable behind final month’s multi-million greenback crypto hack.

As beforehand reported, KuCoin misplaced some $279 million in crypto as a result of hack, with a few of these funds finally being bought off by way of exchanges. But statements from Lyu point out that the a lot of the funds have been finally recovered, possible partly strikes by blockchain tasks and exchanges to freeze the actions of these funds.

In a thread, CEO Johnny Lyu wrote that the identifications had taken place “with substantial proof in hand.”

Lyu stated in one other submit that “[w]ith nice help from our companions of the trade, one other $64 million in property are actually out of the management of the suspicious addresses, bringing the full worth to $204 million since Oct 1.”

He added that the alternate is “coming again to completely performance.”

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