BREAKING: Bitcoin breaks up, trades above $16,000

0 9

KuCoin’s CEO, Johnny Lyu, has recently disclosed via his Twitter feed the recovery of most of the cryptos stolen by hackers some weeks back, which caused a ripple among crypto investors in the crypto-verse.

In a report seen by Nairametrics, KuCoin CEO stated that about 84% of the affected cryptos have been recovered via approaches like on-chain tracking, contract upgrade, and judicial recovery. As requested by law enforcement agents, we will publish all the details once the case is closed.

READ: U.S top regulator speaks on Cryptos and future of banking to U.S Congress

READ: Ethereum robber transfers $1.5 million worth of Crypto

<!–

onebank728 x 90

–>

GTBank 728 x 90GTBank 728 x 90

KuCoin has resumed the full service of 176 tokens and all others are scheduled to be re-opened before November 22. Again, I would like to thank all the individuals and institutions who helped us in this incident; together, we will make a stronger crypto community.

“As the People’s Exchange, I’m glad that we have dealt with this incident in an open and transparent manner, always putting our users first. Looking forward, KuCoin will continue to safeguard our users and bring more crypto hidden gems to the world, as we always did,” Johnny Lyu tweeted

READ: Nigerian billionaire, Benedict Peters Plans to mine Platinium in Zimbabwe


<!– /21634543682/234989245

–>

Coronation adsCoronation ads

What you should know

Nairametrics, a few weeks ago, gave key insights into a reported hack on KuCoin, after private keys linked to crypto wallets got exposed and might have affected $150 million in user funds.

He further said findings of the internal security audit report revealed part of Bitcoin, ERC-20, and other tokens in KuCoin’s hot wallets were transferred out of the crypto exchange, which contained few parts of the total assets holdings.

READ: Unknown entity transfers $166 million worth of Bitcoins

KuCoin disclosed it was partnering with major crypto exchanges that included Binance, BitMax, OKEx, Huobi, and ByBit and added it was cooperating with law enforcement agencies on the matter.

<!– /21634543682/Zenith_Bank 320×100

Zenith bank | USSD codeZenith bank | USSD code

UCAP adsUCAP ads

UBA ADSUBA ADS

–>

Jaiz bank adsJaiz bank ads

At least in the near term, it would make it challenging for hackers to try to move the funds. The CEO said,

<!– /21634543682/23188292 Coronation research 250×250

–>

<!– /21634543682/23188292

PatriciaPatricia

–>

<!–

first bankfirst bank

–>

Fidelity adsFidelity ads

“We are in contact with many major crypto exchanges such as Huobi, Binance, OKEx, BitMax, and Bybit, as well as Blockchain projects, security agencies, and law enforcement to work on this. Some effective measures have been taken, and we will update with more details soon.”

READ: A billion dollar worth of Bitcoin moved by unknown identity

Click here for the Source

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More