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Kucoin chief executive officer Johnny Lyu revealed Wednesday that the exchange recovered 84%, or $235 million, of the $280 million stolen in one of crypto industry\u2019s biggest hacks in September.<\/strong><\/p>\n In a tweet<\/a>, Lyu said the affected funds have been recovered \u201cvia approaches like on-chain tracking, contract upgrade and judicial recovery. As asked by the law enforcements, we will publish all the details once the case is closed.\u201d<\/p>\n The Kucoin co-founder stated that the exchange has resumed trading for 176 tokens and the rest will be re-opened before November 22.<\/p>\n Hackers made off<\/a> with $30 million worth of bitcoin (BTC<\/a>) when they ransacked the exchange on Sept. 25. They also plundered $147 million worth of multiple ERC-20 tokens as well as $87 million in stellar tokens.<\/p>\n <\/span><\/p>\n It wasn\u2019t long before Bitfinex froze $13 million USDT<\/a> on EOS<\/a> as part of the hack and Tether froze $20 million USDT<\/a> sitting in the hacker\u2019s ethereum address<\/a>. Within days, $160 million had been recovered through various strategies from multiple platforms.<\/p>\n However, by the end of September, the cyber-thieves had managed to cash out tokens worth nearly $13 million, which were laundered via decentralized protocols. Seven days ago, the hackers became active again, using mixers to move ERC-20 tokens to another ethereum address<\/a>.<\/p>\n What do you think about the Kucoin funds recovery? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post Kucoin Recovers 84% of Funds Stolen in $280 Million Hack<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n