In the latest step towards a full recovery after a devastating hack in September, the cryptocurrency exchange QCoin announced on Sunday in a blog post that it has restored deposit and withdrawal services for all tokens. / p>
This announcement comes after a partial reopening in October in which users were able to transfer their Bitcoin, Ethereum and Tether over the counter.
This final step opens withdrawals and deposits for all currencies and tokens, although some tokens may have withdrawal limits due to what the exchange calls ongoing judicial proceedings. < / p>
the reopening is a promising step towards a return to normalcy after the devastating breach on September 26, when the exchange initially said that losses amounted to $ 150 million, but the analysis giant Digital currencies (Chinalysis) estimated the number at approximately $ 275 million.
the hack garnered a massive response across the world of cryptocurrencies, with many projects choosing to freeze their tokens, recover them from hackers, or even initiate foreclosures to help the exchange To recover user funds.
As of October 1, the exchange claimed to have identified the suspected attacker, in addition to recovering over $ 200 million in stolen funds. But as the exchange is looking to put the breach and its ramifications in the past, not everything looks bright for the future of QCoin.
As Queen Telegraph previously reported, QCoin awaits more problems as the exchange faces a legal problem on two fronts: in Singapore, where it faces web domain locking, and in The United States, where it has to block a class action lawsuit.
