The CEO of cryptocurrency exchange KuCoin has said the exchange identified those responsible for a multi-million dollar hack on the trading platform last month.

In a webinar with the Chamber of Digital Commerce, the Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, reportedly said that the regulator is open to the idea of a tokenized exchange-traded fund (ETF).

Decentralized cryptocurrency exchange Uniswap has, for the first time, seen its monthly trade volume exceed that of San Francisco-based cryptocurrency exchange Coinbase.

Top stories in the Crypto Roundup today:

• KuCoin CEO Says Exchange Identified Hackers Who Stole Millions From Its Wallets
• SEC Reportedly Willing to ‘Try’ Tokenized ETF
• Uniswap’s Monthly Trade Volume Exceeded That of Coinbase
• BNT, SAND, ZIL Are Moving the Crypto Market

KuCoin CEO Says Exchange Identified Hackers Who Stole Millions From Its Wallets

The CEO of cryptocurrency exchange KuCoin has said the exchange identified those responsible for a multi-million dollar hack on the trading platform last month.

KuCoin lost an estimated $279 million in the hack, as the attackers managed to access its hot wallets and steal several cryptocurrencies, including BTC, XRP, BSV, LTC, ETH, and various ERC-20 tokens. Some of the projects behind the stolen tokens, fearing a large sell-off would impact their economies, froze the stolen funds.

Johnny Lyu, the CEO of KuCoin, revealed on social media the exchange has identified the hackers behind the attack and that it has done so with “substantial proof at hand.” Per Lyu, law enforcement officials and police are officially involved in the case to take action against the hackers.

In a follow-up he seemingly added that over $60 million worth of the stolen cryptoassets have been recovered, saying that with supports from partners in the industry “another $64 million in assets are now out of the control of the suspicious addresses, bringing the total value to $204 million since Oct 1.” Lyu added the cryptocurrency exchange is “coming back to full functionality.”

SEC Reportedly Willing to ‘Try’ Tokenized ETF

In a webinar with the Chamber of Digital Commerce, the Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, reportedly said that the regulator is open to the idea of a tokenized exchange-traded fund (ETF).

Clayton reportedly said:

“We're willing to try that; our door is wide open. If you want to show how to tokenize the ETF product in a way that adds efficiency, we want to meet with you, we want to facilitate that.”

While Jay Clayton’s comments expressed willingness to explore the tokenization of stocks, the report published by Decrypt pointed out that the day these ideas become a reality are still far away, taking into account some of the SEC’s recent actions.

Uniswap’s Monthly Trade Volume Exceeded That of Coinbase

Decentralized cryptocurrency exchange Uniswap has, for the first time, seen its monthly trade volume exceed that of San Francisco-based cryptocurrency exchange Coinbase.

According to data collected by The Block Research, in September Uniswap traded approximately $15.4 billion worth of cryptocurrencies, and made up around 65% of the total exchange trading for decentralized trading platforms that month, which totaled $23.5 billion.

In comparison, Coinbase traded $13.6 billion in September. Uniswap’s trading volume surged last month after the launch of its UNI governance token, which can be farmed on the platform by those interacting with its protocol.

BNT, SAND, ZIL Are Moving the Crypto Market

There are several tokens leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos who may have higher percentage changes.

Bancor Network (BNT) – Bancor Network’s BNT token has moved up 13.38% in the last 24 hours, with each token now trading close to the $1.2 mark. BNT’s price is seemingly reversing a downtrend that started after it hit $3.6 in August of this year.

The Sandbox (SAND) – The Sandbox’s SAND token is up 13.86% in the last 24-hour period, about a month after leading cryptocurrency exchange Binance acquired virtual space in its blockchain-based game to host virtual events.

Zilliqa (ZIL) – Zilliqa, a high-throughput blockchain platform that achieved over 2,828 transactions per second in its testnet by the implementation of sharding, has seen itS ZIL token rise 9.45% in the last 24 hours.

State of the Crypto by Top Tier Exchange Volume

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