The exchange hacked in September when lost more than $280M in assets to hackers have recovered almost 84% back of that capital totalizing in dollars $236M.
The recovered was announced on the CEO twitter account Johnny Lyu on Nov. 11, 2020 and can be seen on the link here where he says that the funds are recovered and just need to be returned to the platform and the law enforcement forces are working on that and soon more developments will be released officially in the firm channels to announce what have been done during the time the company and law team were working to recover the stolen funds.
Just to note that the company since the hack, which led to access the company funds exploit an leaked private key, the platform have been saying that knows who did the hack and together they was working to catch the person or persons involved to get back what they stolen from the exchange.
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This kind of incident have around for long time and the companies just reveal major incidents when they don't have choice, minors incidents of hack occur every day on platform such this, on the past MT.GOX was the first to shut down due to hacking where the company lost a lot of money to criminals. In the actuality Binance, the biggest exchange in terms of volume transactions have been hacked and lost 700 bitcoins to criminals, recently Bitfinex and UPbit also lost large quantities of assets to hackers and Bitfinex even opened a reward contest trying to get back some of the stolen funds.
The market is full of crime and the platform need to upgrade their security system every day to combat against this hackers who also are learning more tricks to pass the barriers and steal platform and individuals funds.
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Found also the article on my Uptrennd blog.
