As a final step towards full recovery from the devastating hacking in September, the KuCoin cryptocurrency exchange announced on its blog that it has “restored all deposit and withdrawal services for the token.”

The announcement came after a partial reopening that took place in October when users could withdraw BTC, ETH and USDT from the stock exchange. This last step opens withdrawals and deposits for all coins and tokens, although some tokens may have withdrawal limits due to what the exchange calls “ongoing lawsuits.”

The reopening is a promising step towards returning to normal after an prevented burglary on 26 September. The exchange originally said that the loss was $ 150 million, but the crypto-analysis giant Chainalysis estimated the number at almost $ 275 million.

The hack received a massive response across the cryptocurrency world, and many projects decided to freeze tokens, recover them from hackers, or even launch an alienation to help the stock market return users’ money.

By October 1, the stock exchange said it had identified a suspect in the attack and also returned more than $ 200 million in stolen money.

But with the stock market wanting to put a breakout and its ramifications sooner, not everyone looks optimistic about KuCoin’s future.

As Cointelegraph previously reported, KuCoin faces further problems as the stock exchange faces legal challenges on two fronts: in Singapore, where it faces a lock-in of a web domain, and in the US, where it must avoid class action lawsuits.

Source: CoinTelegraph

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