Connect with us
Active Currencies 14777
Market Cap $2,548,724,988,793.70
Bitcoin Share 51.24%
24h Market Cap Change $0.25

KuCoin has ‘recovered 84% of hacked funds’

1min Read

Share this article

Cryptocurrency exchange KuCoin’s hack never stopped making news, as the culprits involved have been trying to move the stolen crypto onto several decentralized exchanges. But now in its most recent development, KuCoin co-founder Johnny Lyu revealed that 84% of the hacked funds had been recovered. In a tweet published on 11 November, Lyu said: 

So far, 84% of the affected assets have been recovered via approaches like on-chain tracking, contract upgrade and judicial recovery. 

The Co-founder further added that the firm would also publish more details:

As asked by the law enforcements, we will publish all the details once the case is closed.

Lyu further added that the exchange had resumed the full service of “176 tokens” and all others “are scheduled to be re-opened before November 22.” 

After suffering a major hack in late September, Kucoin, the eight largest exchange by trading volume, had published an update stating that it was allowing deposits and withdrawals for BTC, ETH, and USDT stablecoin after upgrading wallet security for the aforementioned cryptocurrencies. 

This update followed the exchange’s earlier decision to freeze all wallets and disable services, after $281 million in various crypto was stolen as a result of the hack.   


Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.