{"id":564075,"date":"2020-10-03T17:09:53","date_gmt":"2020-10-03T14:09:53","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564075"},"modified":"2020-10-03T17:49:51","modified_gmt":"2020-10-03T14:49:51","slug":"kucoin-ceo-weve-identified-suspects-of-the-hack-204m-recovered","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/kucoin-ceo-weve-identified-suspects-of-the-hack-204m-recovered\/","title":{"rendered":"KuCoin CEO: We&#8217;ve Identified Suspects of the Hack, $204M Recovered"},"content":{"rendered":"<p><strong>In summary:<\/strong><\/p>\n<ul>\n<li><strong>KuCoin CEO, Johnny Lyu, has informed the crypto-verse that they&#8217;ve identified suspects behind the recent hack<\/strong><\/li>\n<li><strong>He explained that KuCoin is working with authorities to apprehend the suspects<\/strong><\/li>\n<li><strong>Another additional $64 Million in digital assets is out of the control of the hackers<\/strong><\/li>\n<li><strong>This brings the total to $204 Million recovered or frozen<\/strong><\/li>\n<li><strong>The hackers had taken approximately $280 Million from KuCoin<\/strong><\/li>\n<\/ul>\n<p>The CEO of KuCoin, Johnny Lyu, <a href=\"https:\/\/twitter.com\/lyu_johnny\/status\/1312359615091277824\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">has updated via Twitter<\/a> regarding the progress of identifying the hackers behind <a href=\"https:\/\/en.ethereumworldnews.com\/kucoin-to-cover-all-user-losses-from-recent-150m-crypto-hack\/\" target=\"_blank\" rel=\"noopener noreferrer\">the September 26th hack<\/a>. In his update, Mr. Iyu explained that the team at KuCoin had identified those behind the malicious attack and they were working law enforcement to take additional legal action.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">A quick update since my last livestream on Sep 30. <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">After a thorough investigation, we have found the suspects of the 9.26 <\/span><span class=\"r-18u37iz\">#KuCoin<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> Security Incident with substantial proof at hand. <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">Law enforcement officials and police are officially involved to take action.<\/span><\/p><\/blockquote>\n<h2>An Additional $64 Million Out of the Hands of the Hackers<\/h2>\n<p>Mr. Lyu added that another $64 Million in digital assets from the hack was out of the control of the hackers thanks to <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-projects-continue-to-freeze-tokens-affected-by-kucoin-hack\/\" target=\"_blank\" rel=\"noopener noreferrer\">efforts from KuCoin partners<\/a> in the crypto industry.<\/p>\n<blockquote><p>With 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.<\/p><\/blockquote>\n<p>This means that out of <a href=\"https:\/\/decrypt.co\/43394\/kucoin-hacker-sells-13-million-of-281-million-crypto-haul-so-far\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">an estimated $280 Million<\/a> in digital assets taken from KuCoin, $74 Million is what the hackers have either laundered via decentralized and centralized exchanges and\/or are still in their control.<\/p>\n<h2>KuCoin Thanks All Who Provided Support After the Hack<\/h2>\n<p>Mr. Lyu further thanked all institutions, exchanges and individuals <a href=\"https:\/\/en.ethereumworldnews.com\/bitfinex-and-tether-freeze-33m-usdt-from-kucoin-hack\/\" target=\"_blank\" rel=\"noopener noreferrer\">who acted fast<\/a> and provided support during the difficult time after the hack.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">A big thank you to all the institutions &amp; individuals who are supporting us during the critical time. <\/span><\/p><\/blockquote>\n<div class=\"r-xoduu5 r-1mlwlqe r-1d2f490 r-1udh08x r-u8s1d r-h9hxbl r-417010 css-1dbjc4n\" title=\"Folded hands\" aria-label=\"Folded hands\">\n<blockquote>\n<div class=\"css-1dbjc4n r-1niwhzg r-vvn4in r-u6sd8q r-x3cy2q r-1p0dtai r-xoduu5 r-1pi2tsx r-1d2f490 r-u8s1d r-zchlnj r-ipm5af r-13qz1uu r-1wyyakw\"><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">I believe that, <\/span><span class=\"r-18u37iz\">#together<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">, we will build a <\/span><span class=\"r-18u37iz\">#stronger<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> crypto world.<\/span><\/div>\n<\/blockquote>\n<\/div>\n<h2>KuCoin is Back to Full Functionality<\/h2>\n<p>In his conclusion, the CEO of KuCoin notified crypto traders that the exchange was now back to full functionality with deposits and withdrawals now available for 31 digital assets including Bitcoin (BTC), Ethereum (ETH) and <a href=\"https:\/\/en.ethereumworldnews.com\/bitfinex-cto-tether-is-not-bitcoin-btc-usdt-is-centralized\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tether (USDT)<\/a>.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">KuCoin is coming back to fully functionality. My team and I will continue to do our best to offset the impact of the incident. As of now, a total of 31 tokens have opened deposit &amp; withdrawal services, and more tokens including <\/span><span class=\"r-18u37iz\">$BTC<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">, <\/span><span class=\"r-18u37iz\">$ETH<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> and <\/span><span class=\"r-18u37iz\">$USDT<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> will follow.<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>In summary: KuCoin CEO, Johnny Lyu, has informed the crypto-verse that they&#8217;ve identified suspects behind the recent hack He explained that KuCoin is working with authorities to apprehend the suspects Another additional $64 Million in digital assets is out of the control of the hackers This brings the total to $204 Million recovered or frozen The hackers had taken approximately $280 Million from KuCoin The CEO of KuCoin, Johnny Lyu, has updated via Twitter regarding the progress of identifying the [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,828],"tags":[1233,1322,1035,108171],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564075"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564075"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562345"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}