The cryptocurrency exchange KuCoin completely restored customer service after the hack, including the deposit and withdrawal of money. Some crypto assets have output limits.
Recall that on September 25, the exchange was attacked by hackers. Attackers withdrew crypto assets equivalent to $150 million at the time of hacking, and their current value is almost twice as high. According to a statement on the exchange’s website, two months after the hack, the KuCoin managed to completely restore the normal operation of the platform.
According to representatives of the exchange, in connection with the ongoing litigation against some crypto assets, daily withdrawal limits will be set for them. These restrictions will be lifted once the investigation and proceedings are completed. At the same time, a trade commission will not be charged for crypto assets that will be affected by the restrictions.
Hacking KuCoin became one of the largest in the history of the cryptocurrency industry. Hackers received private keys to the exchange’s hot wallets and access to BTC, ETH, TRX, XRP, XLM and some ERC-20 tokens. KuCoin froze all wallets and stopped serving customers. Exchange CEO Johnny Lyu said all stolen customer funds will be “fully covered” by the insurance fund.
In the middle of the month, exchange KuCoin was able to restore access to 84% of stolen crypto assets worth about $236 million. In early October, the exchange team announced that it had discovered intruders hacking the site.