As the fallout from the hack continues on its platform, Q-Coin said it has identified the suspects and has now formally engaged law enforcement authorities in the investigation.
Johnny Liu, CEO of Q Coin, tweeted on October 3 that the exchange now has strong evidence identifying who hacked the service on September 26. / p>
Liu added that as of October 1, QCoin had wrestled other assets worth $ 64 million from suspicious titles with the help of its industry partners. This brings the total value of recovered assets to $ 204 million.
Liu said the exchange is also slowly returning to full functionality, reopening deposits and withdrawals of 31 tokens. Bitcoin, Ethereum and Tether services will follow.
The QCoin hack is the first major case on a decentralized exchange being used to launder money.
It is estimated that about $ 200 million in assets have been stolen, but analysts fear that more tokens have been stolen.
