KuCoin Global found the hackers who stole $281 million in cryptocurrencies

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Johnny Lyu, CEO of the KuCoin Global announced in a live stream that the platform has identified the suspects of the massive hack of its crypto-exchange on Sept 26.

The cryptocurrency exchange asked international law enforcement, involved in the investigation, to take action against the hackers.

Mr. Lyu followed up with a tweeted today claiming, “After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof, at hand. Law enforcement officials and police are officially involved to take action.”

KuCoin moved immediately to establish the Special Task Force using internal security experts and outside industry professionals. Mr. Lyu believes, “ With top-notch tech capability, we have carried out a thorough investigation against the hacker’s attack path, and inch-by-inch search, now we have obtained substantial clues.”

KuCoin is aggressive in recovering stolen crypto assets

In his first live stream on September 30,  Mr. Lyu acknowledged that KuCoin’s crypto team had just turned 3 years old. Despite the fact, the team is vigilant on all security-related issues that had been compromised. He added that “we couldn’t dodge the cruelest coming-of-age ceremony that every predecessor used to embrace.”