KuCoin Exchange Resumes Operation After September Hack

Kucoin cryptocurrency exchange has completely restored customer service after hacking, including the introduction and withdrawal of money. For some crypto acts, limits are set to conclude.

Recall, what 25 September Exchange was attacked by hackers. The attackers brought out Cryptoactives, equivalent $150 Milln at the time of hacking, And their current cost is almost twice as high. According to the exchange website, Two months after the hacking, Kucoin managed to completely restore the normal operation of the platform.

According to representatives of the exchange, In connection with the ongoing trial in relation to some crypto assets, daily limits will be set for the conclusion. These restrictions will be lifted after the completion of the investigation and proceedings. At the same time for crypto assets, which will affect the restrictions, The trade commission will not be charged.

Hacking Kucoin has become one of the largest cryptocurrency industry in the history. Hackers received closed keys to hot wallets of exchanges and access to BTC, ETH, TRX, XRP, XLM and nonkotor tokens ERC-20. Kucoin froze all wallets and stopped serving customers. Exchange General Director Johnny Liu (Johnny Lyu) said, that all the stolen funds of customers will be “completely covered” by the insurance fund.

In the middle of the month, Kucoin was able to restore access to 84% stolen cryptoassets worth about $236 million. In early October, the exchange team reported, What discovered hacking the platform of attackers.