THELOGICALINDIAN - Johnny Lyu the CEO and cofounder of KuCoin appear that he has begin the culprits abaft aftermost months drudge on the exchange
The CEO of crypto barter KuCoin today appear that they accept begin the suspects amenable for aftermost month’s hack. Johnny Lyu said law administration are now complex and advancing the case.
KuCoin Hackers Caught
“After a absolute investigation, we accept begin the suspects of the [Sept. 26] #KuCoin Security Incident with abundant affidavit at hand,” tweeted Lyu.
The KuCoin CEO added that the badge were complex in the pursuit. The “security incident” refers to the theft of amid $150 actor and $280 million in agenda assets from the exchange.
What aboriginal appeared as a abstruse affair bound developed into article abundant more. On Sept. 26, hundreds of millions of dollars confused from the exchange’s hot wallet to an abode different to KuCoin.
At that time, an ambassador in KuCoin’s Telegram approach told users that:
“If any user armamentarium is afflicted by this adventure it will be covered absolutely by KuCoin and our Insurance fund.”
Many projects abaft the afraid tokens prevented the thieves from liquidating their assets area possible. These projects included Tether (USDT), Ampleforth (AMPL), Ocean Protocol (OCEAN), and others.
Not all afflicted tokens, such as Synthetix (SNX) and Ethereum, were blocked, however. This is because these tokens are abundantly decentralized to anticipate blacklisting.
Lyu said that KuCoin is boring re-opening abandonment and drop functions for assertive tokens affected.
