As of October 1, KuCoin managed to recover another $64 million in stolen assets from suspicious addresses. Immediately after the hack, crypto worked to freeze most of the stolen assets. Teams updated their blockchain to make this happen.
The KuCoin Special Task Force, the Bitcoin community, and partners in the industry moved quickly to recover the coins. To-date the total value of recovered assets is $204 million and counting. Mr. Lyu said of the amount, 72% of the total hack is now completely “out of the control of the suspicious addresses.”
Among the recovered and secured were 122 million VELO tokens (about $75.7 million), 3.82 million ORN tokens (about $9.5 million), and 525 million KAI tokens (about $10.2 million).
At least $13 million of the hacked crypto was discovered through their tracking process and has been sold on decentralized exchanges.
KuCoin has enough money to cover losses
KuCoin said that the hackers were able to gain access to the exchange wallets with a leaked private key. The crypto exchange assured its users that it has enough money in the bank to cover any of its losses.
