Category: Johnny Lyu

Number of Africa-Based Users on Kucoin Platform Surge by 200% in First 10 Months of 2021

Number of Africa-Based Users on Kucoin Platform Surge by 200% in First 10 Months of 2021

Despite largely lagging behind the rest of the world on many other metrics, Africa however appears to have taken the lead where cryptocurrency or the blockchain is concerned. Africa-Based Kucoin Users Skyrocket in 2021 In African countries that are plagued by currency woes or hyperinflation, cryptocurrencies have emerged as a genuine alternative store of value. […]

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Kucoin Boss on Strategy After Hack: ‘We Chose to Act’

Kucoin Boss on Strategy After Hack: ‘We Chose to Act’

Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack […]

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Kucoin Recovers 84% of Funds Stolen in $280 Million Hack

Kucoin Recovers 84% of Funds Stolen in $280 Million Hack

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’s biggest hacks in September. In a tweet, Lyu said the affected funds have been recovered “via approaches like on-chain tracking, contract upgrade and judicial recovery. As asked by the […]

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Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are officially involved” in order to take action.On September 25, 2020, the crypto community found out that the Kucoin exchange was […]

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