\r\n\r\n \tKuCoin resumes deposit and withdrawal services to all tokens.\r\n \tSome tokens have withdrawal limits due to the ongoing judicial proceedings.\r\n \tIn October, the exchange recovered over 84% of stolen crypto assets.\r\n \tOn the other hand, KuCoin is facing legal trouble in Singapore and the US.\r\n\r\n\r\n\r\nCrypto exchange Kucoin made an announcement that it has resumed the deposit and withdrawal services for all tokens after the exchange\u2019s $280 million hack.\r\n\r\nThe crypto exchange mentioned that,\r\nKuCoin has restored the deposit and withdrawal services of all tokens as of November 22, 2020 (UTC+8).\r\nKuCoin Resumes Deposit and Withdrawal Services\r\nThe exchange shows promising steps towards normalcy on resuming deposits and withdrawals. Moreover, KuCoin is one of the most popular Singapore-headquartered cryptocurrency exchanges. According to CoinGecko,\u00a0 the exchange has a daily average trading volume of over $164 million.\r\n\r\n\r\n\r\nThe announcement comes after the exchange\u2019s hack of over $280 million on September 26. Currently, the exchange opens withdrawals and deposits to all tokens. However, some tokens have withdrawal limits due to the ongoing judicial proceedings. Tokens with daily limits will have zero trading fees. These limits will be removed after the proceedings are completed.\r\n\r\nDuring the hack, the hackers obtained the private keys to the centralized exchange\u2019s hot wallets. They also gained power over vast quantities of BTC, ETH, TRX, XRP, XLM, and various ERC-20 tokens. Moreover, KuCoin immediately moved to freeze all wallets and disable services.\r\n\r\nIn October, the crypto exchange partially resumed offering its service for 176 tokens. Specifically, the exchange recovered over 84% of the crypto assets. In line with this, they are in the process of identifying the suspect.\r\n\r\nKuCoin Global CEO Johnny Lyu shared updates:\r\n\r\n\r\n(1\/3) Latest updates about #KuCoin Security Incident: So far, 84% of the affected assets have been recovered via approaches like on-chain tracking, contract upgrade and judicial recovery. As asked by the law enforcements, we will publish all the details once the case is closed.\r\n\u2014 lyu_johnny (@lyu_johnny) November 11, 2020\r\n\r\n\r\n\r\nHowever, there are more problems awaiting KuCoin as the exchange is facing legal trouble in Singapore because of the lock of the primary web domain. In addition, in the US, it must fend off a class-action lawsuit.