Kucoin has announced multiple times that their users suffering losses from the Kucoin hack will have all losses covered.
15 Oct 2020, 16:40
Kucoin has announced multiple times that their users suffering losses from the Kucoin hack will have all losses covered. Instead of attacking each other we request the community to be united in its response of pushing this guarantee from the third party exchange so that parts of our community are compensated.
Its out of the management teams hands given the lack of an official response by Kucoin since 29th of September. Despite multiple kucoin managers stating they are communication with us, they are unfortunately not.
We have requested Kucoin to stop with this behaviour and engage for a resolution in compensating their users.
Regarding trading, we cannot recommend that Kucoin resumes trading as they have no tokens or collateral and effectively would be paper trading which is highly dangerous.