As the repercussions of the hacking of the platform continued, KuCoin said it had identified the suspects and officially brought the police to the investigation.

KuCoin CEO Johnny Liu tweeted on October 3 that the exchange now had strong evidence of who hacked the service on September 26.

Liu added that, as of October 1, KuCoin had managed to withdraw $ 64 million in assets from suspicious addresses with the help of its industry partners. This brings the total value of the recovered assets to $ 204 million.

Liu said the exchange is also gradually returning to full functionality and has opened deposits and withdrawals of 31 tokens. This is followed by BTC, ETH and USDT services.

Hacking KuCoin is the first major use of decentralized exchange for money laundering. An estimated $ 200 million in assets were stolen, but analysts fear multiple codes could have been forged.

Source: CoinTelegraph

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