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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.
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.
Story continues
- "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.
Read more: KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
