KuCoin has recovered 84% of affected funds in $280M hack, co-founder says

KuCoin, the crypto exchange that suffered from a $280 million hack in September, has recovered a majority of the affected assets, according to its co-founder.

Johnny Lyu, KuCoin's co-founder and CEO, said in a Tweet on Wednesday that 84% of the affected assets have been recovered via "approaches like on-chain tracking, contract upgrade and judicial recovery." 

He added that the details of the recovering process can't be disclosed until the case is closed as per requirement from law enforcements. Lyu said KuCoin has so far resumed the services for 176 tokens on the platform and the services for all remaining assets will resume before November 22. 

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