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Market Analysis Report (23 Nov 2020)

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Market Analysis Report (23 Nov 2020) Blockchain, Featured, Home CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Singapore-based cryptocurrency exchange KuCoin, which was hacked for about $280 million in September, has resumed deposits and withdrawals for all of its tokens.

Due to ongoing judicial proceedings for some cryptoassets, daily withdrawal limits were set in place for some tokens. These limits will be removed after the judicial process is completed, according to KuCoin, but until then the tokens will have no trading fees.

KuCoin has a continuously updated list of tokens with restricted functionality users can check. The exchange has reportedly recovered over $200 million worth of the stolen cryptoassets, and has been moving to identify its suspected hacker.

It was hacked after one or more hackers managed to access its hot wallets. Using said access the hacker stole millions worth of BTC, ETH, TRX, XRP, XLM, and various ERC-20 tokens.

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