According to Lu, the recovery was through on-chain tracking, contract upgrade, and judicial recovery. He noted that all the details would be made public once the case is concluded as per the direction from law enforcement. Lu further gave an update on the 176 tokens. According to Lu:
Remaining transparent with the hack
Lu adds that as an exchange that is people-centered, they dealt with the hack more transparently. Lu further assured that the exchange would continue putting the safety of users first. According to KuCoin, the hack that occurred on September 26 saw the attackers leak private keys to access the exchange’s wallets. The exchange has stated that it has enough money in the bank to cover all of its losses. The KuCoin hack has been revealed as the 4th largest financial hack of all time by Traders of Crypto. KuCoin maintains that it is aware of the group or individual who orchestrated the hack. The exchange is allegedly working with relevant authorities to nab the culprits. In the wake of the hack, KuCoin said that 72% of the money was out of the control of the suspicious addresses. However, about $13 million has been swapped on decentralized exchanges and was out of its control.
