Kucoin has recovered

[Quantum X]

After the hacking event had happened in kucoin on September Lyu the founder of the said exchange announced that 84% of the stolen asset have recovered to be followed with detail reimbursement once the case is closed.

After the hacking happened, do you think kucoin will remain as one of the trusted exchanges? Do you still have peace for this exchange after all?

[Gurujebs]

After the hacking event had happened in kucoin on September Lyu the founder of the said exchange announced that 84% of the stolen asset have recovered to be followed with detail reimbursement once the case is closed.

After the hacking happened, do you think kucoin will remain as one of the trusted exchanges? Do you still have peace for this exchange after all?

No exchange is to be trusted even as they called DeFi as truly decentralized, I don't stake or farm any coin. My wallet, my bank, my friend.
They have been a good exchange but the damage has been done which had a negative impact on their reputation. I hope they recover as soon as possible.
There kucoin share(kcs) has been maintaining $0.8, perhaps a good buy since it has bottom out.

[sky20]

when a exchanges is ran down and people get pinch of this site any reason then when any one will tell the exchange is recovered no one believe the true because the investor will not take risk to their invest from bad exchange like Kucoin . It is true every exchange is risk full whatever the Defi but go with full of hope and will get success .

[Rafiq]

After the hacking event had happened in kucoin on September Lyu the founder of the said exchange announced that 84% of the stolen asset have recovered to be followed with detail reimbursement once the case is closed.

After the hacking happened, do you think kucoin will remain as one of the trusted exchanges? Do you still have peace for this exchange after all?

I believe Kukin is now completely healed. The cocaine exchange is very trustworthy. Although Kukin had a problem after the hacking, he is now fully recovering.

[Thymoty]

I think that no single exchange platform is safe, centralized or decentralized, it's all the same. The point is that as long as the platform is responsible in cases like this, then the platform deserves the trust of its users.

[edmundo]

They are big enough to recover and it was becoming worrisome at the amount of time they took to get back. However, it is commendable to see that they have successfully pulled through and investors as well as traders funds is safe. Several other exchanges have faced this in the past and most couldn't return or never remained the same. Hopefully kucoin and a lot others learn from this unfortunate incident.

[bigcash2011]

It is one of the top exchange so obviously community was expecting better security arrangements from them so that the user funds remain safe in the exchange wallets, i am sure many users would have left kucoin exchange after this incident and now it will take some time and effort from kucoin team to build back its name.

[Confero]

Yes of course, Kucoin is a huge exchange and has proven its responsibility towards its members following the hack a few months ago. Kucoin will remain a favorite exchange as much as Binance has been hacked in the past. Since the hack, Kucoin has been working hard to fix the exchange and it's all successful now.  There's nothing to worry about anymore, we will be safe trading on Kucoin.

[Quart]

It is always surprising if top exchanges like Binance and also Kucoin have been hacked. Many people put their funds i that exchange adn some of them lose their funds. It is so sda. But this is digitalization and system where sometimes, they are hacked and also scammed. SO, t is beter

[debra]

Kucoin has responsible for the hacking case, so why not stay there? The team of Kucoin must take big learning from this case, they should improve security. Anyway, even Binance can be hacked, no exchanges are 100% secure. Hackers are always there and they always try to steal your money. That's why don't rely on the exchanges only, we must be more careful!!

[ShadowCrypto]

Nice, this is how a good planed exchange works, they lost some coins but they covered all the customers, amazing, time to back on Kucoin and start trading again. very nice

[TomPluz]

Binance was also hacked and I think it failed to recover what was lost. I find Kucoin to be luckier this time. This is not the first time that a big cryptocurrency exchange was breached and of course this is not going to be the last, there will be more in the future. No matter how sophisticated or how big is an exchange, there can be a time when a weak spot can be exploited by evil hackers just waiting for the right time and opportunity. Will I still be trusting Kucoin? I think yes because from now on this platform will always be careful and will be employing the best technologies to safeguard its network so that there can be no more second time around.

[Positive]

After the hacking event had happened in kucoin on September Lyu the founder of the said exchange announced that 84% of the stolen asset have recovered to be followed with detail reimbursement once the case is closed.

After the hacking happened, do you think kucoin will remain as one of the trusted exchanges? Do you still have peace for this exchange after all?

I believe Kucoin will be among trusted exchange despite the hacking issue because
1) Kucoin was not the first exchange to get hacked
2) The hacker only attacked their hot storage which can happen to any exchange site and the one thing i like about the exchange is that was able to manage the situation.

[Crypto Guard]

After a while ago being hacked, I think it will be hard to believe in kucoin again. if I prefer not to use anymore. although there may be someone who wants to use it.

[Raboni]

Trust at your own risk. DEX or CEX exchange are both risky and vulnerable to hackers. Internet connection is necessary to access exchange sites which is the advantage for hackers to get compromise the integrity of exchange. Every night and day we are not really safe against hackers attack even the system of KuCoin and Binance is strong. The hacker will determine the weakest point and then attack. That's what had happened to KuCoin, good thing because KuCoin reawarded the lose tokens and the trust from supporters are still there.