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KuCoin CEO Says The Hack Was “Small”, Insurance Will Cover Everything

KuCoin CEO Johnny Lyu explained that the recent hack of the exchange was actually small and that the insurance of the company will cover everything as we are reading further in the latest crypto news. Following the KuCoin $150 million hacks, during a live session on YouTube, the KuCoin CEO said that the hack was not that big and the next move is to salvage the situation while giving comfort to the users. He also noted that although he cannot show how much of the company’s total assets were affected, the stolen fund’s amount is small for the exchange and…

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