According to an open letter by CEO Johnny Lyu, a collaboration between KuCoin, its partners and other cryptocurrency exchanges allowed the firm to recover 78% of the losses—equivalent to $222 million—while cooperation with law enforcement allowed the company to retrieve a further 6%, or $17.45 million.
KuCoin CEO Johnny Liu's 2020 would have been a lot worse if not for helpful competitors and good insurance (Photo: KuCoin)
