The recently hacked cryptocurrency exchange KuCoin reports that perpetrators of the Sept. 26 hack have been identified.
This was made known by KuCoin CEO Johnny Lyu via his personal Twitter handle on October 3rd.
The crypto exchange CEO said that after thorough investigation the exchange has found the identity of the hackers with substantial proof and law enforcement officials will take appropriate action.
A quick update since my last livestream on Sep 30.
After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action.
— lyu_johnny (@lyu_johnny) October 3, 2020
Johnny Lyu added that KuCoin in collaboration with it’s partners has been able to recover an additional $64 million in crypto assets from the hackers. The total amount of recovered crypto assets from the KuCoin hack stands at $204 million as at October 3rd.
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Although the cyber criminals have been able to sell over $17 million worth of ERC-20 tokens on decentralized cryptocurrency exchanges for ETH.
The crypto exchange has so far resumed deposit and withdrawals for 31 tokens. While BTC, ETH and Usdt services are expected to resume soon.