Good news! - Kucoin update - after one month since the 280 million $ HACK

By VNFC | crypto sessions | 28 Oct 2020


hello everyone

0f0e544895b3fc4e2903bacdcf095337082b8fdc3f5c966c49c41e0038fd6dc9.png

I am sure that many of us are waiting news regarding how Kucoin will solve this big issue, so here are the news:

Until now, according with the Kucoin sources, more that 212 millions of USD were recovered by different methods (by freezing the funds transferred in other exchanges - like Binance / Bitfinex / etc or projects invalidating the tokens stolen.

Update - 27 october

Until now, from 490 projects (pairs) from Kucoin, 147 are now restored. Last week were only 77.

Now, DGB, DACC and TOKO are restored. 

The full list is here:

kucoin restored hacked projects 27 oct update

Now, despite the lack of sharing many or often information, it is clear that Kucoin is trying to do the best to solve the recovering of all projects ASAP. I know, I've read about projects that are trying to make a dialog with them for rushing this process, like VI, for example, but I think the only reason they are not prepared for them is the prioritization by the value hacked.

So, we need just more few weeks to wait.

Until then, I can expect on a weekly update of this situation. Keep faith and, from now on, move your holding tokens on your personal wallet and leave on exchanges only what you trade (or, maybe, soon, move on an universal DEX, which is multichain compliant, not only ERC20, XTS or DOT, for example).

 

How do you rate this article?

8


VNFC
VNFC

we wait and we shall see what the world is bringing to us tomorrow


crypto sessions
crypto sessions

what we can find useful here, presented in a short way

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.