KuCoin Resumes Service After Hack Suspects Found, $204M Recovered

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KuCoin has recovered normal services after its CEO notified Johnny Lyu notified that the trading platform has recovered $204 million in crypto assets since October 1.

The deposit and withdrawal service of the following projects have now resumed on KuCoin, the firm said in an official blog post.

The deposit addresses have changed, please do not deposit to the old deposit addresses.

Enecuum (ENQ)Aion (AION)Polkadot (DOT)Zilliqa (ZIL)
Binance Coin (BNB)Matrix AI Network (MAN)Harmony (ONE)Insolar (XNS)
Tezos (XTZ)

KuCoin is gradually resuming full service, and the deposit and withdrawal services of other tokens including BTC, ETH, USDT will be opened soon.

Earlier, $150 million worth of funds were moved out of KuCoin to an unknown address. The unknown address in question has since been doing test transactions, with the funds still with the address, at the time of writing.

In a statement released a while back, the exchange tweeted, “We detected some large withdrawals since Sep 26 at 03:05 UTC+8. According to the latest internal security audit report, part of BTC, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings”

KuCoin also went on to announce that an extensive security audit is being done at the moment, adding that to ensure the safety of other funds, all user withdrawals and deposits have been suspended too.