KuCoin resumes withdrawal of its cryptographic assets following a hacker attack

Two months after the hacker attack, KuCoin Cryptographic Exchange has recovered the entry and exit of all assets on the platform.
The announcement states that due to ongoing legal procedures, daily limits have been imposed on certain tokens. For the duration of the limits, the exchange will not charge a fee for their Bitcoin Loophole.

KuCoin also stated its intention to support the renewal of BUX Platform Token (BPT), LockTrip (LOC), ARCS (ARX) and Dock (DOCK) contracts upon request of project teams and to restore their service.

We remind you that KuCoin was hacked by unknown perpetrators on 26 September. Analysts estimated the damage at $280 million.

In early October, KuCoin CEO Johnny Liu said that the platform identified the suspects in the attack and secured an additional $64 million at their addresses.

On November 11, the exchange reported the recovery of 84% of the stolen assets by tracking blockaded transactions, updating smart contracts and enforcing legal penalties.