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KuCoin CEO claims crypto exchange has identified suspected hackers

Michael McSweeney
·1 min read

Crypto exchange KuCoin announced this weekend that it has identified those responsible behind last month's multi-million dollar crypto hack.

As previously reported, KuCoin lost some $279 million in crypto due to the hack, with some of those funds ultimately being sold off via exchanges. Yet statements from Lyu indicate that the much of the funds were ultimately recovered, likely in part moves by blockchain projects and exchanges to freeze the movements of those funds.

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

Lyu said in another post that "[w]ith great support from our partners of the industry, another $64 million in assets are now out of the control of the suspicious addresses, bringing the total value to $204 million since Oct 1."

He added that the exchange is "coming back to fully functionality."


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.