Home Business KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder

KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder

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KuCoin recovered 84% of stolen crypto after $280M hack, says co-founder

KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said.

Johnny Lyu, co-founder and CEO of KuCoin, announced on Nov. 11 that the exchange has now recovered 84% of stolen assets. Lyu said that the recovery process involved “on-chain tracking, contract upgrade and judicial recovery.” He also noted that the exchange will publish more details on reimbursement once the case is closed.