KuCoin CEO Says Suspects in $281M Hack Identified; Authorities on the Case

The CEO of the hacked Seychelles-based crypto exchange says suspects in the hack have been identified.

Oct 3, 2020, 4:39 PM

Updated Aug 19, 2021, 4:45 AM

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KuCoin CEO Johnny Lyu tweeted Saturday the Seychelles-based crypto exchange has found what he described as the "suspects" of last month's hack that resulted in the theft of $281 million in cryptocurrencies.

"After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand," Lyu said in the tweet. "Law enforcement officials and police are officially involved to take action."
In addition, Lyu said another $64 million of stolen assets have been recovered from "suspicious addresses," bringing the total value of recovered assets to $204 million since Oct. 1.

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Kevin Reynolds

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